The recession after the financial crisis is officially over and the economies are recovering, but there remains the danger of a double-dip recession. In order to build a more sustainable economy in the future, one issue to tackle are global imbalances. In a “hardcore macro session” a panel discussed about “Avoiding Currency Wars and Ensuring Balanced Global Recovery”.
The panel agreed upon the basic problems: Huge imbalances make the world economy even more fragile, excessive reserve accumulation worsens the problem and currency wars are counterproductive. And of course, there has to be a fiscal consolidation of the United States and European countries in the medium and long term. [Weiterlesen…] Infos zum Plugin “Hardcore Macro Session”: Balancing the Imbalances