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Tag Archives: domestic consumption
Trade Reversal: If Not Now, When?
by Michael Pettis Europe’s underlying problem is not budget deficits or even unsustainable debt. These are mainly symptoms. The real problem with Europe is the huge divergence in costs between the core and the periphery – in the past decade … Continue reading
Posted in China, Eurozone, Trade Data
Tagged capital flows, China, current account balance, debt, domestic consumption, Germany, michael pettis, trade balance, trade deficit, trade surplus, trade war
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