THE PERCEPTIVE Simon Tilford of the Centre for European Reform has noticed a curious feature of Germany’s external accounts: her net international investment position (NIIP) reveals net “foreign assets have risen much less rapidly than the accumulated current account surpluses, leading to … losses: around €580 billion since 1999.” Continue reading “Germany’s Missing €500 billion”
Category: Germany
Germany’s current account and global adjustment
THE SPECTACULAR increase in Germany’s external current account balance since the millennium—from €37 billion deficit in 2000 (-1¾ percent of GDP) to €263 billion surplus as of 2017Q1 (+8¼ percent)—has caught the eye of commentators and policymakers alike in recent years. Continue reading “Germany’s current account and global adjustment”
The General Theorist 