Policy Note 2005/4 | April 2005

Imbalances Looking for a Policy

The latest batch of numbers from the United States makes for a disturbing read. The GDP growth rate of GDP has been adequate. However, the current account deficit was 6.3 percent of GDP in the fourth quarter of 2004, and the terrible trade figures for January and February promise an even bigger deficit in the first quarter of 2005 (BEA 2005). Let no one suppose that this deterioration is a temporary effect that will automatically turn around soon.

Publication Highlight

Working Paper No. 1042
Saving Social Security
Author(s): Edward Lane
February 2024

Quick Search

Search in: