Books > Business & Economics > Economics > International economics > International finance
|
Buy Now
External Sector Report 2022 (Paperback)
Loot Price: R1,281
Discovery Miles 12 810
|
|
External Sector Report 2022 (Paperback)
Series: External Sector Report
Expected to ship within 12 - 17 working days
|
Global current account balances-the overall size of current account
deficits and surpluses-continued to widen in 2021 to 3.5 percent of
world GDP, and are expected to widen again this year. The IMF's
multilateral approach suggests that global excess balances narrowed
to 0.9 percent of world GDP in 2021 compared with 1.2 percent of
world GDP in 2020. The pandemic has continued to affect economies'
current account balances unevenly through the travel and
transportation sectors as well as a shift from services to goods
consumption. Commodity prices recovered from the COVID-19 shock and
started rising in 2021 with opposite effects on the external
position of exporters and importers, a trend that the war in
Ukraine is exacerbating in 2022. The medium-term outlook for global
current account balances is a gradual narrowing as the impact of
the pandemic fades away, commodity prices normalize, and fiscal
consolidation in current account deficit economies progresses.
However, this outlook is highly uncertain and subject to several
risks. Policies to promote external rebalancing differ with
positions and needs of individual economies.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.