Why Germany’s trade surplus is bad for the eurozone

Why Germany’s trade surplus is bad for the eurozone

Bulletin article
John Springford , Simon Tilford
29 November 2013
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In late October, the US singled out Germany as a threat to the global economy. The Treasury issued a report saying that Germany’s current account surplus – now around 7 per cent of GDP – imposes "a deflationary bias for the eurozone as well as for the world economy."

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