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The Euro zone trade surplus lasted for so long that it seemed "structural." That's over. In the first 6 months of 2022, there was a trade DEFICIT of EUR -140 bn vs a SURPLUS of EUR +101 bn in the same period in 2021. Huge negative terms-of-trade shock that's pulling down Euro... pic.twitter.com/2O4aISLBgP— Robin Brooks (@RobinBrooksIIF) September 2, 2022
The Euro zone trade surplus lasted for so long that it seemed "structural." That's over. In the first 6 months of 2022, there was a trade DEFICIT of EUR -140 bn vs a SURPLUS of EUR +101 bn in the same period in 2021. Huge negative terms-of-trade shock that's pulling down Euro... pic.twitter.com/2O4aISLBgP
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