Reaction
The argument that IMF fiscal advice could widen China's current account surplus
One post says IMF recommendations for China include fiscal consolidation that, all else equal, would raise its current account surplus.
TLDR
One post argues that China's criticism shows the IMF's assessment matters. It says the IMF's policy recommendations for China include significant fiscal consolidation, which, all else equal, would push China's current account surplus up. The post argues that bringing the surplus down to the IMF-assessed norm of 0.5% to 1.0% would therefore require a bigger real appreciation.
Combined views
14.3K
4 Sources, first seen ago