IMF sees strong dollar shaping global recovery
Blanchard warns exchange rate fluctuations could ignite international tensions if they persist
Sharp alterations in global exchange rates so far this year should be seen as a good thing for the global economy, underscoring the importance of flexible regimes – although if such large rate changes persist they could "ignite international tensions", International Monetary Fund chief economist Olivier Blanchard said today.
Speaking at a press conference launching the Fund's World Economic Outlook (WEO), Blanchard highlighted the contrast between the US, where interest rates are expected to
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