world economic trend autumn 2005 no 8 published on december 1 by the cabinet office summary part1 key points of chapter global current account imbalances expansion us deficit and creditor nations imbalance is expanding united states has been an underlying since mid 1970s rose to 6 4 gdp in first half from 1980 through early 1990s was much smaller most developing countries were financed external surpluses not only developed but also asian oil producing which exhibits more globally than ever table1 billions dollars 81 90 average 91 95 96 2000 2001 2002 2003 2004 january june 85 9 73 5 239 2 389 475 519 7 668 394 3 euro zone 16 12 44 0 48 26 46 10 germany 25 18 45 51 103 61
