This essay analyses the causes of, and remedies for, external imbalances, and what countries should do if they do not decline.
Global imbalances are back: since 2018, the sums of current account surpluses and deficits have each increased by about 30 percent, reaching their highest levels since 2012. History shows that imbalances trigger trade tensions and often end in
financial crises. Drawing on the 2026 CEPR-Bruegel Paris Report, this essay analyses the causes of, and remedies for, external imbalances, and what countries should do if they do not decline.
Source : Bruegel
Taiwan has not passed on most of the rising costs to consumers, and it heavily…
Only 13% of companies were on track with their AI initiatives, as regulatory hurdles and…
The European Securities and Markets Authority said on Wednesday that European regulators should be given…
Oil prices fell 1% on Thursday as recovering crude exports from the Gulf and a…
Whether teaching a cognitive skill remains valuable in this era of AI is a crucial…
China's trade surplus is widening, its manufactured exports are surging, and the political backlash is…