IMF: weak US savings to spur other growth engines

SINGAPORE, Nov 12 (Reuters) - The International Monetary Fund said on Thursday reduced U.S. savings will force emerging countries, including China, to find new growth engines.

"As U.S households decide to save more, the good news is that it will reduce the deficit, not only the fiscal deficit but also the current account deficit," said the IMF's managing director Dominique Strauss-Kahn in an interview with broadcaster CNBC.

"But the bad news is that then we have to find some other engines for growth."

He said he did not see the role of the U.S. dollar decreasing.

(Reporting by Kevin Yao; Editing by Neil Chatterjee)

((neil.chatterjee@thomsonreuters.com)) Keywords: APEC/IMF

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