The IMF’s 2018 ESR shows that global current account balances stand at about 3¼ percent of global GDP. Of this, 40-50 percent are now deemed excessive, i.e. some countries are saving too much, and ...

Overall current account deficits and surpluses narrowed modestly in 2019 to just under 3 percent of world GDP. The IMF’s multilateral approach suggests that about 40 percent of overall current account ...