Growing global imbalances risk ‘disorderly unwinding’ – panel
Imbalances caused by unsustainable growth models and industry policy, experts say
Growing global imbalances pose a threat to balanced growth and raise the risk of a “disorderly unwinding”, according to a panel at the Peterson Institute for International Economics (PIIE) Spring Meetings in Washington DC on April 16.
Hélène Rey, a professor of economics at the London Business School, said that the world economy was in another “episode of global imbalances”.
Global current account imbalances are currently well above the historical average and near their highest level in 150
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