Bertelsmann Stiftung (ed.)

Dr. Thieß Petersen

Impulse #2015/04: <br/> Fiscal devaluation – a route to more growth?

Format Type
PDF
Date of publication
10/06/2015
Edition
1. edition

Price

Free of charge

Description

 

The global economy faces a number of economic challenges: Economic growth in most industrialized nations is slowing, the crisis-hit countries of Southern Europe are suffering the effects of low competiveness and, even in some G7 countries, sovereign debt has reached levels in excess of 100 percent of gross domestic product (GDP) (see figure 1). As domestic demand is weak, many industrialized nations are banking on increasing their exports in order to boost domestic production and employment. However, this is resulting in large current account imbalances worldwide.

Related projects

Cover Global Economic Dynamics (GED)

GED tried to make the causes, interrelationships and effects of complex economic dynamics easier to understand. We used the up-to-date methods for measurement, forecasting and presentation, which were constantly developed further with leading scientists, research institutions and analytics partners.