Greater currency flexibility needed to spur growth: Brainard

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Reuters

(Reuters) - Greater currency flexibility from emerging economies is needed to spur global growth, a senior U.S. Treasury official said on Wednesday.

"Global recovery has been held back by a lack of demand growth in many of the major advanced economies, and by resistance in many emerging economies to moving more quickly toward the currency flexibility needed for a durable rebalancing," Lael Brainard, Treasury undersecretary for international affairs, said during a conference.

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