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

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