Michael Fidora

@ECB

[Brad Setser @Brad_Setser]

Interesting piece by the ECB, highlighting the fall in the euro area's current account surplus to 1.7% of euro area GDP in 2025 (way below China's surplus, even without adjusting for Ireland)

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[Martin Schmitz @Schmitz_BoP]

As global imbalances are again in focus, the euro area current account surplus narrowed markedly in 2025. See our new box with @MichaelFidora @FPastoris and Lorenz Emter analysing the underlying drivers:
https://t.co/7yY0WXaK8w

[Michael Fidora @MichaelFidora]

Happy to share our call for papers for an ECB workshop on the external competitiveness of the euro area
👇

[Brad Setser @Brad_Setser]

Brilliant, short ECB paper on transatlantic trade ...

https://t.co/NqIGQqUkGy

[VoxEU @voxeu]

#Trade between geopolitically aligned countries, or friend-shoring, has increased since 2018, while trade between rivals has decreased.
Costanza Bosone @unipv, Ernest Dautović @ecb, @MichaelFidora @ecb, @stamgiovanni @unitorvergata
https://t.co/SjBTbQfepL

[Michael Fidora @MichaelFidora]

See our piece on trade and geopolitics with @costanzabosone, Ernest Dautović and @stamgiovanni

[European Central Bank @ecb]

Read our #EconomicBulletin to find out more about how geopolitics is changing trade https://t.co/2IUun9Y8mV

[Martin Schmitz @Schmitz_BoP]

Just released: our in-depth analysis of the sharp fall into deficit of the euro area current account balance in 2022. @MichaelFidora @FPastoris @MykolaRyzhenkov @ecb #econtwitter

[Martin Schmitz @Schmitz_BoP]

Just published: #EconomicBulletin box analysing how euro area trade and financial linkages with Russia developed since Russia’s invasion of Ukraine. Joint work with @MichaelFidora @FPastoris Lorenz Emter

[Michael Fidora @MichaelFidora]

See our latest @ecb Working Paper on “Sudden stops and asset purchase programmes in the euro area” with @josefinafabiani, @RalphSetzer, Andreas Westphal and Nico Zorell.

[European Central Bank @ecb]

Working Paper: Sudden stops and asset purchase programmes in the euro area https://t.co/yRDAwt8KkQ

[Michael Fidora @MichaelFidora]

Read how the euro area current account balance evolved during the pandemic in 2020 in our latest @ecb Economic Bulletin Box with @FPastoris and @Schmitz_BoP

[European Central Bank @ecb]

The euro area current account surplus shrank slightly in 2020, to 2.2% of GDP. One of the largest coronavirus-related impacts was the sharp reduction in the services surplus due to travel restrictions during the pandemic. Read more https://t.co/RHo4Xs6F54 #EconomicBulletin