IMF sees strong dollar shaping global recovery

Olivier Blanchard

Sharp alterations in global exchange rates so far this year should be seen as a good thing for the global economy, underscoring the importance of flexible regimes – although if such large rate changes persist they could "ignite international tensions", International Monetary Fund chief economist Olivier Blanchard said today.

Speaking at a press conference launching the Fund's World Economic Outlook (WEO), Blanchard highlighted the contrast between the US, where interest rates are expected to ris

To continue reading...