Obama Administration Says Global Economy Needs More Support

April 9, 2015 8:38 PM

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The Obama administration says Germany, China, Japan and South Korea are four countries running large trade surpluses that need to do more to combat weak global growth.

In its latest currency report, the administration refrained from naming any country as a currency manipulator. But it did say that China's currency remains "significantly undervalued" and complained about South Korea's efforts to keep its currency from strengthening.

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