Germany in Eurozone benefits from consistent surpluses greater than China in proportion to GDP
Mar 11th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany is in a position to secure for its economy consistent trade surpluses, greater even than those of China in proportion to GDP (gross domestic product), without the limitations of a compensatory mechanism working through currency appreciation, according to Domenico Lombardi, an economist at the Washington DC think-tank, the Brookings Institution.