- China’s slow forex adjustment fuels inflation, holds back US recovery
- Fixed currencies, capital controls risk thwarting forex adjustment
- Pursuing “measureable commitments” to reduce forex reserve accumulation
- Global economic momentum “somewhat” weaker, risks elevated
- Must accelerate progress on G20 growth framework
- Delays in policies to safeguard growth ups likelihood of calamity
- Don’t need more curbs on capital inflows
- US economy will continue to grow at modest pace
- Challenge for G20 to take action to sustain global recovery
- Expect Europe will take action to check debt woes
Plus ca change, plus c’est la meme chose…….
