How the Pandemic Widened Global Current Account Balances

2021-08-10T15:27:36-04:00August 2, 2021|

By Martin Kaufman and Daniel Leigh

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2020 was a year of extremes. Travel all but ceased for a period. Oil prices wildly fluctuated. Trade in medical products reached new heights. Household spending shifted to consumer goods rather than services and savings ballooned as people stayed home amid a global shutdown. […]