Ahead of the annual spring meeting of the International Monetary Fund (IMF) and World Bank in Washigton, the funds chief Christine Lagarde criitizised Germany's repeated trade surplus as counterproductive to balanced economic development.
The International Monetary Fund has announced another financial boost for Greece in support of making the crisis-hit country's debt more sustainable, but continues to insist on a debt cut from the EU.
Germany's economic research institute Ifo has raised its forecast for GDP expansion in the country this year and the next. The labor market should remain solid and trade surplus should increase, the think tank predicts.
During meetings with EU leaders, US President Donald Trump threatened to curb the sale of millions of German cars in the US. In comments leaked to German press he said Germany was acting in a bad way.
Donald Trump has been making a show of irritation with Germany's trade surplus with the US. But Ulrich Kater, chief economist of DekaBank, says US policies drive Germany's surplus.
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