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The external imbalance has dissipated, at least temporarily.
February's trade deficit may be an anomaly but it highlights a broader trend: the swift decline in China's external imbalance.
Its external imbalance has narrowed, but a big internal imbalance remains.Even that imbalance may be diminishing, however.
He should offer China a truce if it sticks to structural reforms that reduce its external imbalance.
Whether or not budget deficits "caused" the external imbalance, tighter policy will undeniably make the current-account gap easier to close.
There is also an external imbalance, with the current account deficit at 2.6 per cent of GDP and expected to widen a bit more as the strong dollar will tend to cut exports and increase imports.
Similar(52)
As consumer spending has slumped, the external imbalances have shrivelled.
"We expect that other G-20 members correct their external imbalances as well".
"It allows us to finance our external imbalances and through that our internal imbalances to an important extent.
Moreover, eurozone governance did not include monitoring and surveillance of competitiveness indicators – trends in nominal prices and costs in member states, and countries' external imbalances within the eurozone.
Second, there was no established surveillance of the evolution of national competitiveness, and of national external imbalances.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com