MUNICH – With global rebalancing set to be high on the agenda at the next G-7 and G-20 meetings, Germany, with its persistent export surplus, will again come under pressure to boost domestic demand and household consumption. But the German consumer is a sideshow.
慕尼黑—在下一次七国集团和二十国集团会议上，全球再平衡将是日程上的当务之急，而长期存在出口盈余的德国将再次承受提振内需和家庭消费的压力。但多国消费者可谓“躺着也中枪”。真正需要的是德国和欧洲增加投资，以及极宽松货币政策的有序退出。