2 February 2004, 12:35 IMF's Koehler says world econ recovery broading
PRAGUE, Feb 2 - IMF Managing Director Horst Koehler said on Monday that imbalances in the global current account remain a risk to economic recovery though a stronger euro and weaker dollar are helping facilitate a rebalancing.
"The (world economic) recovery is broadening and deepening, with all major regions showing improvement," Koehler told a conference on euro entry for EU accession countries in Prague.
"But we know that there are still risks, notably stemming from the persistent large global current account imbalances. So far, a stronger euro and correspondingly weaker US dollar are facilitating the needed global rebalancing of current accounts."//
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