The current account surplus of Germany will remain the largest in the world this year, according to Ifo

The current account surplus of Germany, despite the increased trade tension, is likely to remain the largest in the world in 2018 for the third consecutive year, according to the report of Ifo. To reduce global economic imbalances and stimulate world growth, the International Monetary Fund and the European Commission recommended that Germany take more active measures to increase domestic demand and increase imports. According to Ifo, in 2018, the current account surplus of Germany will be $299 billion. It is expected that Japan will be in second place with a surplus of 200 billion dollars. The third place is likely to be occupied by the Netherlands with a surplus of 100 billion dollars.

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