Exact(2)
Still, a 4 percent target could help reduce the world's largest imbalances.
"The countries with the largest imbalances have notably recaptured some of the losses in competitiveness incurred previously," Mr. Draghi said.
Similar(58)
While the US trade deficit with China has narrowed slightly this year, it is still the largest imbalance with any country.
The Commerce Department reported on Tuesday that the gap between what the nation imports and what it sells abroad rose by 7.8percentto to $60.9 billion, the largest imbalance since March 2007.
The Amundsen Sea sector had the largest imbalance of −154 ± 27 Gt yr−1 in 2015 (similar to the results of a previous study6) and accounted for 2/3 of the total imbalance (−230 ± 71 Gt yr−1) of the entire Antarctic ice sheet.
The closely-watched trade deficit with China rose by 20.4% to an all-time high of $273.1bn, the largest imbalance the US has recorded with a single country.
The U.S. deficit with China also set a record of $162 billion, up 30.5% from last year and the largest imbalance ever recorded with a single country.
In particular, the largest imbalance between LG and HG is in losses (average 46.6 per tumor LG versus 7 per tumor HG, respectively).
Construction, hairdressing and motor vehicle engineering have similarly large imbalances.
A way must be found to correct the large imbalances in trade and competitiveness.
Large imbalances and a global credit crunch are an alarming mixture.
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