Le solde courant allemand, représentant la différence entre l’épargne et l’investissement du pays, légèrement déficitaire en 2000, a atteint le niveau inédit de 261 Mds€ en 2016, soit plus de 8 % du PIB allemand.... Lire la suite
Germany's current account – the difference between domestic saving and investment – was slightly in deficit in 2000. By 2016, it totalled an unprecedented €261bn, or more than 8% of the country's GDP.Wage moderation during the 2000s accounts for up to a third of this surplus. Slower increases in German wages relative to those in the euro area improved Germany's competitiveness within the single cu... Lire la suite