The UK has had surprisingly high growth in the last few years, but the current account deficit has also grown and is its largest on record. A large current account deficit and strong growth are signs that a country is living beyond its means. Can the UK reduce its current account deficit without a significant slowdown in growth?
About the authors
Economist Insights is written by Joshua McCallum and Gianluca Moretti. Joshua has been working at Global Asset Management with the title of Senior Fixed Income Economist since 2005. Prior to this, he worked at the UK Treasury as a macroeconomist. Gianluca joined Global Asset Management in 2010. Prior to this he worked at the Italian central bank.
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