1. United States 8,134 | 2. Germany 3,395.5 | 3. IMF International Monetary Fund 2,814 | 4. Italy 2,451.8 | 5. France 2,435.5 | Source: World Gold Council
Germany's huge surpluses in global trade are not only part of US President Donald Trump's sharp rhetoric in his campaign against this country's exports. Now, even the IMF sees them as a reason for current trade tensions.
The International Monetary Fund criticized Trump's tariffs plans and warned of their negative impact. The IMF also said by 2020 US economic growth will dip to lower levels than the White House predicts.
Venezuela's real GDP is expected to shrink by 18 percent in 2018, marking five consecutive years of declining growth. The IMF said that Venezuela's hyperinflation forecast is similar to that of post-WWI Germany.
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