Economics
IMF Says Germany Should Rebalance Economy for the Benefit of All
- Nation should cut taxes and boost digital infrastructure spend
- Current-account surplus is a point of strife with the U.S.
This article is for subscribers only.
Germany should cut taxes and upgrade its digital infrastructure to reduce its vulnerability to external shocks such as trade protectionism, according to the International Monetary Fund.
The imbalance in Europe’s largest economy is reflected in its current-account balance, the IMF said in its regular review. That message echoes a frequent complaint from the nation’s trading partners and is a particular sore point with U.S. President Donald Trump.