by
9:00 PM
0
comments
countries
deficits
dumping
foreign
global
ground
oped
surplus
total
trade
trillion
world
worlds
Over the last two years, these trade deficits have taken an entire percentage point out of America`s sluggish economic growth.
With its systematic half-a-trillion dollars of quasi structural trade deficits, the U.S. accounts for 40 percent of the world`s total (trade deficits) and bears the brunt of what some would call beggar-thy-neighbor trade policies.
These countries account for 40 percent of world GDP, but their combined trade surpluses of $1 trillion represent about 80 percent of the world`s total.
Germany is currently running the world`s largest trade surplus of $300 billion.
In other words, nearly half of the world economy is a drag on the rest of the global demand, output and employment.
0 comments:
Post a Comment