A strong, balanced and sustainable economic recovery is not easy to achieve. It requires fundamental economic restructuring measures. According to the IMF, those countries that relied solely, on domestic demand in the past as a driver for economic growth need to change their strategy. The United States, in particular, have to strengthen exports in order to reduce the trade deficit. Coupled with the budget deficit, the so-called 'twin deficit' is a strain on the future development of the US economy. Many emerging countries, on the other hand, will have to spur domestic demand to decrease their reliance on exports. There are first signals that China, the world's largest exporter, is slowly starting to rethink its strategy. However, these structural changes aiming at rebalancing trade need time.
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