A look at the factors driving Greece's trade deficit wider. Is this time any different?
macrotragedy.substack.com
Saying that the past 3 years have been eventful would be a good candidate for understatement of the century. In the midst of (and also because of) this flurry of once in a century type of events Greece’s trade deficit has, yet again, widened significantly. Greece is certainly not the only economy to experience something of the sort but given our recent past it should come as no surprise that brutal memories have been awakened and muscle memory has kicked in. In this post we’ll try to untangle the drivers behind that new bout of trade deficit widening and try to, clumsily, quantify each one’s contribution.
A look at the factors driving Greece's trade deficit wider. Is this time any different?
A look at the factors driving Greece's trade…
A look at the factors driving Greece's trade deficit wider. Is this time any different?
Saying that the past 3 years have been eventful would be a good candidate for understatement of the century. In the midst of (and also because of) this flurry of once in a century type of events Greece’s trade deficit has, yet again, widened significantly. Greece is certainly not the only economy to experience something of the sort but given our recent past it should come as no surprise that brutal memories have been awakened and muscle memory has kicked in. In this post we’ll try to untangle the drivers behind that new bout of trade deficit widening and try to, clumsily, quantify each one’s contribution.