DSK: surplus countries can rebalance growth
Dominique Strauss-Kahn, the managing director of the IMF, on Monday said surplus countries must shift from an external to an internal growth engine to rebalance global growth.
Speaking at an event in Agadir, Strauss-Kahn said: "The growth model that co-existed with globalisation was unbalanced and unsustainable. Growth was driven by too much borrowing in some countries, made possible by too much saving in others. For a while, this seemed to work. But the illusion of stability was forever
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