The global recovery will be stronger – and the U.S. recovery more vigorous – if the shift in U.S. growth away from consumption to investment and exports is complemented by a shift away from export dependence by those countries that traditionally have run large and current account surpluses.
Fact Sheet - G-20/Seoul: Fact Sheet on Sustainable External Imbalances and Orderly Global Adjustment
Share
More from Barack Obama
When we choose, when we make that decision, I do believe – and there is evidence for this – that the world gets incrementally better, and that is a worthy goal and it’s worth fighting for.
It is a decision about how do we face and embrace this finite amount of time we have on the planet.
Because if this becomes the new normal, there’s no reason to believe it will stop with her — or that future presidents, in either party, won’t do the same.
Other voices in this conversation
