Außenwirtschaft und internationale Wirtschaftsbeziehungen Geld- und Finanzmärkte Konjunktur, Wachstum, Wirtschaftsstruktur Wirtschaftspolitik

Germany’s Misunderstood Trade Surplus

Now that Germany’s current-account surplus has reached a record €270 billion ($285 billion), or close to 8.7% of GDP, the ongoing debate about its economic model has intensified. Eurozone politicians and Donald Trump’s administration in the United States are each blaming the other for the economic imbalance; and all are blaming the euro.

Trump’s administration, for its part, has attacked Germany for exporting too much, and accused it of manipulating the euro. In fact, Germany’s trade surplus has little to … [weiterlesen]

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