A few thoughts on the global situation

The global scene is marked by three features: first, strong GDP growth in the United States coupled with a large current-account deficit; secondly, subdued economic growth in Europe - hindered by insufficient structural reforms and a balanced position in terms of the current account; and thirdly a spectacular economic expansion in East Asia coupled with high current-account surpluses and growing international reserve accumulation. The following table gives a summary of present current-account

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: