Account Quote by Wolfgang Schauble
“There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.”
About This Quote
Source Speech: Economic Outlook, 2023
Economic recovery can be seen in improving trade balances of Spain and Portugal.
In simple terms: Spain and Portugal are becoming more competitive, reducing deficits.
Key Takeaway
Support policies that boost competitiveness and exports.
Themes
economics
recovery
trade
Mood
optimistic
analytical
Type
economic
strategic
When to use this quote
- budget planning
- investment decisions
- business strategy
Key Concepts
competitiveness
export growth
Questions to Reflect On
- What drives the new competitiveness?
- How can other nations replicate this?
A Different Perspective
Improved competitiveness may not be sustainable without structural reforms.
