Global Imbalances and the COVID-19 Crisis
By Martin Kaufman and Daniel Leigh
عربي, 中文, Español, Français, 日本語, Português, Русский
The world entered the COVID-19 pandemic with persistent, pre-existing external imbalances. The crisis has caused a sharp reduction in trade and significant movements in exchange rates but limited reduction in global current account deficits and surpluses. […]