IMF’s latest External Sector Report finds that global current account balances widened again in 2025, reversing the post-global financial crisis narrowing trend. The widening was driven primarily by China, partly offset by narrowing in the U.S. & euro area. https://www.imf.org/en/blogs/articles/2026/07/30/rising-global-imbalances-underscore-need-to-confront-domestic-distortions(IMF)