Global trade imbalances have changed since the 2008 financial crisis. Now they reflect new risks

(Neil Shearing – Chatham House) The issue of global imbalances will be high on the agenda when G7 leaders gather in Evian-les-Bains this month. They are right to be concerned. The build-up of imbalances was also a defining feature of the years preceding the 2008 global financial crisis. But this is not a repeat of those dynamics. Today’s imbalances are less about debt-fuelled consumer excess and more about geopolitics, industrial competition and the shifting balance of global economic power. – Global trade imbalances have changed since the 2008 financial crisis. Now they reflect new risks | Chatham House – International Affairs Think Tank