Rebalancing The Global Economy: Some Progress But Challenges Ahead

The Caithness Business Index has posted the following article:

Rebalancing The Global Economy: Some Progress But Challenges Ahead

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Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as shown in our new External Sector Report, global current account imbalances have declined only slightly to 3 percent of world GDP in 2018, while rotating toward advanced economies and away from emerging economies, including China whose current account is now broadly in line with fundamentals. [Read Full Article]