IMF says euro rise won't stall economic recovery

Central Banking staff
09 Dec 2003

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Anne Krueger told reporters on Tuesday 9 December that the euro's recent rise against the dollar was not "a negative" but was prompted by economic growth.

Source: Reuters

The recent rise in euro against the dollar will not stall global economic recovery, a senior IMF official said on Tuesday. "We don't see it as a negative," Anne Krueger, first deputy managing director of the International Monetary Fund, told reporters.

"The rise in the euro has been prompted by the economic growth," she said.

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