🌐 The European Union’s external imbalances: past, future and policy
🔖 Read the Working Paper by @zsoltdarvas.bsky.social, Costanza Greppi Maturana, Alexandre Mendonça, @camille-reverdy.bsky.social, Bo Sangers and @jzettelmeyer.bsky.social
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Europe’s rising external surplus now rivals China’s, reflecting weak investment and growing surpluses, pointing to a need for pro-investment reforms
