External sector report, July 2019

International Monetary Fund author

Format:Paperback

Publisher:International Monetary Fund (IMF)

Published:30th Apr '20

Currently unavailable, and unfortunately no date known when it will be back

External sector report, July 2019 cover

The IMF's 2019 External Sector Report shows that global current account balances stand at about 3 percent of global GDP. Of this, about 35-45 percent are now deemed excessive. Meanwhile, net credit and debtor positions are at historical peaks and about four times larger than in the early 1990s. Short-term financing risks from the current configuration of external imbalances are generally contained, as debtor positions are concentrated in reserve-currency-issuing advanced economies. An intensification of trade tensions or a disorderly Brexit outcome-with further repercussions for global growth and risk aversion-could, however, affect other economies that are highly dependent on foreign demand and external financing. With output near potential in most systemic economies, a well-calibrated macroeconomic and structural policy mix is necessary to support rebalancing. Recent trade policy actions are weighing on global trade flows, investment, and growth, including through confidence effects and the disruption of global supply chains, with no discernible impact on external imbalances thus far

ISBN: 9781498318976

Dimensions: unknown

Weight: unknown

116 pages