Annualized external sum hits $600 billion, Brad Setser notes

Annualized external sum hits $600 billion, Brad Setser notes
Annualized external sum tops $600 billion

Brad Setser highlights a surge in the annualized external sector number, which has reached $600 billion—slightly above the International Monetary Fund's forecast from its external sector report.

He notes that the trailing 12-month sum has shown a sharp upward trend, describing its increase as going vertical.

Setser has previously commented on other developments in the external sector. He noted that Argentina has benefitted from issuing new bonds at low interest rates. In a separate analysis, he pointed out that Chinese state banks have steadily accumulated foreign assets.

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