Publication
9 Sep 2013
This commentary argues that the reason that the current accounts of emerging economies have deteriorated - with the exception of China - is because of weak demand in Europe that resulted from austerity. The author suggests that unless the US resumes its role as consumer of last resort, the latest bout of financial-market jitters will weaken the global economy.
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English (PDF, 2 pages, 107 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2013 Centre for European Policy Studies (CEPS) |