Rising external deficit ‘made in USA’, In Conversation with Scott Morris

Banking, Comment, Finance — By on November 12, 2018 at 9:57 AM

Commentary: Rising external deficit ‘made in USA’

By Mark Sobel in Washington

As US external deficits widen in response to relatively strong US economic performance and imbalanced macroeconomic policies, there is a considerable risk the Trump administration could amplify its protectionist rhetoric and actions. Yet rising US trade and current account deficits are largely ‘made in America’. The increasing divergence between the US and other major global economies, aggravated by the imbalanced US macroeconomic policy mix, remains the most striking aspect of the worsening currency confusion.

Read the full commentary on the website.

Podcast: In Conversation with Scott Morris

Mark Sobel, US chairman of OMFIF, speaks with Scott Morris, senior fellow and director of the US Development Policy Initiative at the Center for Global Development.

They discuss China’s Belt and Road initiative, including its debt implications, lending structures and coordination, international ramifications and Washington’s approach to the infrastructure programme.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app


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