The U.S. Current Account Deficit and the Global Economy.

This paper presents the views of Lawrence H. Summers on the U.S. current account deficit and the global economy. Summers highlights that the U.S. current account deficit is currently running well in excess of USD 600 billion at an annual rate, in the range of 5.5 percent of GDP. It represents more t...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:per Jacobson lecture
Online Access:Full text available on IMF