In its latest External Sector Report, the International Monetary Fund (IMF) indicates that global current account balances, i.e. the overall size of deficits and surplus in L& #39; all countries are increasing for the second year in a row.

After years of reduction, the institution reports that sales reached 3% of global gross domestic product (GDP) in 2020 then 3.5% last year and are expected to rise again dig in 2022. The IMF points out that an increase in current account balances is not necessarily a bad thing. However, it indicates that global surplus balances (the share that is not explained by differences in countries' fundamental economic parameters, such as demographic status, income level and growth potential, and desirable policy parameters), in (using the revised IMF methodology) could lead to trade tensions and protectionist measures.