World leaders should make rebalancing the world economy the priority for next week's Group of 20 summit in Pittsburgh, says the head of the International Monetary Fund.
In an interview with the Financial Times, Dominique Strauss-Kahn urged the G20 leading industrialised and developing nations to provide the political leadership that had been missing in past efforts to reduce economic imbalances while supporting global growth.
“We need to have rebalancing of growth and in- crease in consumption in the emerging markets to have enough growth in the short term,” he said. “We also need to define what the long-term growth model will be.”
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