Unwinding global imbalances

Reading Time: 3 minutesCurrent account imbalances are back at the centre of global policy debates, as persistent surpluses and deficits interact with trade tensions and external vulnerabilities. This blog shows that imbalances mainly reflect differences in saving behaviour, and that reducing them will require tailored domestic reforms in both deficit and surplus economies. By Erik Frohm, John Hooley,… Read More »Unwinding global imbalances