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Michael Pettis: IMF urges countries to address domestic imbalances independently

Michael Pettis: IMF urges countries to address domestic imbalances independently
IMF focuses on domestic economic imbalances

Michael Pettis highlights a statement from the IMF, calling for individual countries to start addressing their domestic imbalances regardless of the actions taken by others.

Pettis describes this as one of several discordant lines in an otherwise interesting paper released by the IMF.

Pettis has previously relayed calls for a higher China GDP target, cautioning that a 4.5-5.0 percent range could worsen debt and deflation pressures in recent commentary on Chinese economic policy. He has also discussed the influence of U.S., UK, and Canadian financial sector interests on trade surplus policies with major economies in a separate analysis. These discussions add context to his focus on international and domestic imbalances.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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