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IMF says dollar adjustment might be needed (June 22/09)

posted on Jun 24, 2009 07:24AM

IMF says dollar adjustment might be needed

06.22.09, 06:39 AM EDT

PARIS, June 22 (Reuters) - An increase in exports is needed for a sustained recovery in the United States and this may require an adjustment in the value of the U.S. dollar, IMF chief economist Olivier Blanchard said on Monday.

'For the US, it is absolutely no question that a sustained recovery has to come from a large increase in exports, that may not be very easy to do. This may require fairly substantial adjustments in the dollar,' he told a conference.