IMF's Rato on prospects for the world economy

In the speech 'Prospects for the world economy' given on 12 September Rodrigo de Rato of the IMF said large global current account imbalances continue to be a major concern for the outlook.

"Over time, we anticipate that U.S. national saving will return to more normal levels, and that consumption will rise as a share of GDP in countries with large surpluses such as China and many oil-exporting countries. For such a rebalancing of global growth to occur, policies must support-- rather than stifle

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