Bruegel Event Recordings

While global imbalances have fallen from pre-GFC peaks, progress in reducing imbalances has stalled in recent years. Imbalances are also increasingly concentrated in advanced economies, and continuation of large and persistent surpluses suggest automatic adjustment mechanisms might be weak. Drawing on the recently published IMF External Sector Report, the seminar discussed the methodology for assessing excess external imbalances, risks from current configuration of imbalances, and potential policy responses to help correct imbalances while supporting global growth.