Greenspan says global imbalances can improve

Former Federal Reserve chief Alan Greenspan told a conference on Wednesday 12 April that global economic imbalances could improve if high-growth economies allowed their currencies to strengthen.

"World equilibrium is probably better reached by allowing a number of these countries, which are showing extraordinary economic growth and really in many cases twice the growth of the developed nations, and allow currencies to firm," the former U.S. Federal Reserve chairman said in an address to a conf

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