According to MartinNeil Baily, a senior fellow at the Peterson Institute for International Economics in Washington, the "striking thing" about last year's report was that it painted a rosy view of the trade imbalance by focusing on the capital account surplus, rather than its inverse, the current account deficit.
Fry, the existing deputy of technical director Aldo Costa, will be joined by new face NeilMartin, who takes the role of heading up the new Operations Research department.