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Global current account balances widened by COVID-19 pandemic: IMF Global reaction to the COVID-19 pandemic further widened global current account balances, which would have continued to decline if not for the crisis, the International Monetary Fund (IMF) said Monday. Global current account balances – the sum of absolute deficits and surpluses among all countries – increased from 2.8 percent of world gross domestic product (GDP) in 2019 to 3.2 percent of GDP in 2020, according to IMF’s newly released annual External Sector Report. “While external deficits and surpluses are not necessarily a cause for concern, excessive imbalances – larger than warranted by the economy’s fundamentals and appropriate economic policies – can have destabilizing effects on economies by fueling trade tensions and increasing the likelihood of disruptive asset price adjustments,” Martin Kaufman, assistant director in the IMF’s Strategy, Policy and Review Department, and Daniel Leigh, Divi

Daniel leighMartin kaufmanInternational monetary fundResearch departmentExternal sectorReview departmentDivision chiefடேனியல் லேமார்டின் காஃப்மந்சர்வதேச பண நிதிஆராய்ச்சி துறைவெளிப்புறம் துறைவிமர்சனம் துறைபிரிவு தலைமை