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IMF Says Global Growth Still Being Held Back by Trade Imbalances

Countries with large current-account surpluses such as China and Germany need to boost domestic demand to help correct imbalances that are limiting global growth, the IMF said.

There’s been little progress over the past several years in reducing such imbalances, which also contribute to financial instability, International Monetary Fund staff said Tuesday in an annual report analyzing external balances and exchange rates.