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Germany’s Vast Foreign Surpluses Are Finally Falling, Fulfilling an Old U.S. Demand
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FRANKFURT—After years of digging in its heels, Germany is on track to reduce its giant foreign surpluses, a potential boon for trading partners like the U.S.
For four straight years through 2019, Germany recorded the world’s largest current-account surplus, making it the biggest creditor to other countries and inviting criticism from international officials.
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