Rato says US deficit weighing on world economy

The International Monetary Fund's forecast for global economic growth this year remains unchanged at 4.3 per cent although the US current account deficit is still weighing on the world economy, IMF chief Rodrigo Rato said on Thursday.

Rato said while oil prices have not risen further, the US current account deficit has not been corrected, and the European Central Bank should not rule out an interest rate cut if economic growth weakens.

"Under the scenario of greater weakness in the European eco

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: