IMF economists call for action on global imbalances

trade finance
Major trade imbalances exist in many countries, the IMF says

Economists at the International Monetary Fund have called for “collective reform efforts” to tackle excessive balance of payments surpluses and deficits.

In a blogpost, published today (August 4), the economists say around 40% of current account deficits and surpluses are “excessive”.

“There are good reasons for countries to run [surpluses or deficits] at certain points in time,” Martin Kaufman and Daniel Leigh say. “But economies that borrow too much and too quickly from abroad, by running

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