The U.S. Current Account Deficit and the Global Economy

The U.S. Current Account Deficit and the Global Economy

This paper presents the views of Lawrence H. Summers on the U.S. current account deficit and the global economy. Summers highlights that the U.S. current account deficit is currently running well in excess of US$600 billion at an annual rate, in the range of 5.5 percent of GDP. It represents more th...

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Körperschaft: International Monetary Fund (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2004
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Beschreibung
Zusammenfassung:This paper presents the views of Lawrence H. Summers on the U.S. current account deficit and the global economy. Summers highlights that the U.S. current account deficit is currently running well in excess of US$600 billion at an annual rate, in the range of 5.5 percent of GDP. It represents more than 1 percent of global GDP and absorbs close to two-thirds of the cumulative current account surpluses of all the world's surplus countries. Summers thinks that such a unique imbalance deserves careful scrutiny
Beschreibung:1 Online-Ressource (36 p)
ISBN:1451980922
9781451980929

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