1 #IMF: #Global #currentaccount #imbalances are widening again, reversing a decade of steady decline following the global #financial crisis. History suggests a clear risk: widening imbalances have often been accompanied by concentrated and lower-quality #growth, triggered #sectoral #dislocations …
2 #IMF: … across #trading partners, and preceded #financialcrises or abrupt reversals of #capital #flows. With the #globaleconomy already absorbing multiple shocks, such a disorderly adjustment could be exceptionally costly.