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Geithner Says Global Rebalancing Not Progressing as Needed

Friday, 08 Oct 2010 03:58 PM

Oct. 8 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said today that “global rebalancing is not progressing as well as needed to avoid threats to the global economic recovery.” Speaking in Washington, Geithner said: “Our initial achievements are at risk of being undermined by the limited extent of progress toward more domestic demand-led growth in countries running external surpluses and by the extent of foreign exchange intervention as countries with undervalued currencies lean against appreciation.”

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net

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Oct. 8 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said today that “global rebalancing is not progressing as well as needed to avoid threats to the global economic recovery.” Speaking in Washington, Geithner said: “Our initial achievements are at risk of...
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2010-58-08
Friday, 08 Oct 2010 03:58 PM
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