Global Rebalancing: A Roadmap For Economic Recovery

This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalances, including public and private debt and private saving, and countries' external position. The chapters describe a suite of corrective steps tailored for each country that, if implemented, could improve prospective economic outcomes, creating sustainable and balanced growth for these economies and serving as a model for other G20 countries. … Hopefully, the IMF analysis that forms the basis for this volume will help to build support for these reforms that, taken together, hold out the promise of stronger growth and enhanced global stability.