Obama, agency leaders press G-20 to rebalance global economy

09/21/2009 | Reuters · Financial Times (tiered subscription model)

The Group of 20 nations should act to end severe trade and financial imbalances that caused the economic crisis, said President Barack Obama. As U.S. consumers cut back, other countries need to boost spending to become engines of growth and give the world a more balanced economy, he said. World Bank President Robert Zoellick and International Monetary Fund Managing Director Dominique Strauss-Kahn made nearly identical calls for "rebalancing of growth" and more consumption in emerging markets as a G-20 meeting in Pittsburgh draws near.

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Reuters · Financial Times (tiered subscription model)