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Cover External Sector Report, July 2018
External Sector Report, July 2018
Tackling Global Imbalances amid Rising Trade Tensions
International Monetary Fund

Abstract

The External Sector Report presents a methodologically consistent assessment of the exchange rates, current accounts, reserves, capital flows, and external balance sheets of the world’s largest economies. The 2018 edition includes an analytical assessment of how trade costs and related policy barriers drive excess global imbalances.

Keywords:
ESR; deficit; surplus; policy; deficit side; external; REER gap; assessed current account gap; trade cost; policy recommendation; Current account; Real effective exchange rates; External balance assessment (EBA); Current account balance; Global; Africa