The World Is ‘Re-Imbalancing’ Again: SocGen
“The Chinese and Japanese current account surpluses have fallen noticeably, and the US current account deficit has narrowed too. However, the euro area (EA) has a growing surplus, and several major EM economies and the UK have seen worsening deficits. Rather than global rebalancing, we are experiencing global re-imbalancing,” says a research note on forex strategy from SocGen analyst Alvin T. Tan. SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
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