Financial Times FT.com

IMF warns high prices risk global crisis

By Javier Blas in Frankfurt

Published: April 6 2006 22:04 | Last updated: April 6 2006 22:04

High energy prices are ?exacerbating? global economic imbalances, increasing the risks of a crisis, the International Monetary Fund will warn next week.

The IMF will say in its World Economic Outlook report that ?global current account imbalances are likely to remain at elevated levels for longer than would otherwise have been the case, heightening the risk of sudden disorderly adjustment?. A draft of the second chapter of the report was obtained by Expansion, the Financial Times? Spanish partner paper.

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