Market news
18.02.2011, 13:33

BOE KING: Imbalances threaten global recovery, sustainability

  • All global players pursuing own self interest;
  • Global econ. will stay vulnerable to imbalance risks;
  • World imbalance risks should be tackled at source;
  • Talks should focus on speed of imbalance adjustment;
  • Fx changes, other policies need to reduce imbalances;
  • World recovery weak if no accord on imbalances;
  • At worst imbalance accord failure means new crisis

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