IMF's Rato calls on Bush to work on deficits

IMF managing director Rodrigo Rato was quoted as saying on Friday 5 November that newly re-elected US president George Bush should turn his attention to the country's budget and trade deficits as part of a global push to spur growth after winning re-election.

"The challenges remain and they are above all challenges that relate to the need to address serious macroeconomic imbalances," International Monetary Fund Managing Director Rodrigo Rato told Italian newspaper Il Sole 24 Ore.

"There is a need

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