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Excess in sentence

901 examples of Excess in a sentence

The global economy needs the surplus countries to sustain growth and reduce excess savings – no easy task.
The US may reduce its deficits faster than it would in the non-cooperative case, but only if surplus countries are working to reduce their excess savings.
With a relatively small volume of transactions, even relatively tepid excess demand for US dollars can have a significant impact on the exchange rate.
“Less excess and more access”must become the principle that guides development policy.
With nominal GDP in these same economies increasing by just $2.1 trillion over the same period, the remaining $6.2 trillion of excess liquidity has distorted asset prices around the world.
Historically, such V-shaped recoveries have served the useful purpose of absorbing excess slack and providing a cushion to withstand the inevitable shocks that always seem to buffet the global economy.
French President Nicolas Sarkozy has regularly complained about the damaging consequences of excess currency volatility, and has called for exchange rates and international monetary conditions to be at the top of the G-20 agenda when France assumes the group’s presidency this November.
One reason for this is that banks are hoarding the additional money supply in the form of excess reserves, rather than lending it (in economic terms, the velocity of money has collapsed).
Several internal factors – excess resource consumption, environmental degradation, and mounting income inequalities – are calling the old model into question, while a broad constellation of US-centric external forces also attests to the urgent need for realignment.
Indeed, deficiencies in the global monetary system contributed to several economic failings in recent years: excess global liquidity; over-accumulation of dollar-denominated reserve assets; uneven policy responses to current-account surpluses and deficits; resistance to necessary exchange-rate adjustments in the emerging world; and coexistence of inflation and deflation at a global level.
In the decade since the 2008 global economic crisis, advanced economies have leaned heavily on easy monetary policy, hoping that large amounts of liquidity and ultra-low interest rates would generate enough demand to eliminate excess capacity.
All of this has significant implications for China, which has become the primary target of the Trump administration’s tariffs, amid accusations that it is responsible for global excess production capacity.
And, according to HSBC, the GBA is the least burdened by inefficient state-owned enterprises and excess capacity.
The real challenge China faces is to take advantage of dynamic urban clusters like the GBA not only to generate growth, but also to address structural challenges like inequality and excess capacity in financially and environmentally sustainable ways.
Like Japan after the 1980s or South Korea in 1997-1998, China has depended significantly on investment and debt financing during its high-growth phase, raising the risk that excess capacity could lead to financial crisis as the economy slows.
And, indeed, excess capacity is already a serious problem in many sectors.
With domestic demand in these sectors now contracting sharply, the excess capacity in China’s steel and cement sectors – to cite just two examples – is fueling further deflationary pressure in global industrial markets.
The compact sets a strict ceiling for a country’s structural budget deficit and stipulates that public-debt ratios in excess of 60% of GDP must be reduced yearly by one-twentieth of the difference between the current ratio and the target.
When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economy’s productive capital.
In Germany, banks earn close to nothing on the hundreds of billions of euros of excess liquidity that they have deposited at the ECB.
A genuine reduction in global excess supply awaits a decline in output, as existing wells, deprived of capital investment, run dry.
The excess of national saving over investment not only permits Japan to be a capital exporter, but also contributes – along with the mild deflation that Japan continues to experience – to the low level of Japanese long-term interest rates.
The larger deficits would also eliminate all of the excess saving that now underpins the current-account surplus.
The excess saving could also decline if housing construction picks up.
The financial system has yet to address adequately the challenges of financial inclusivity, particularly funding of SMEs and rural areas, and exposure to excess capacity in selected industries.
State orchestration should instead be focused on fighting corruption, reducing transaction costs, promoting competition, lowering entry barriers, and removing excess capacity.
In this context – and in view of the robust economic growth recorded in 1999 and 2000, the still-booming stock markets, and the continued accumulation of excess liquidity – the ECB’s Governing Council progressively tightened policy, thereby keeping upward risks to price stability from materializing.
For example, developed economies’ quantitative easing programs have contributed to excess liquidity – and thus to the recent corporate-debt explosion in emerging economies.
This excessive consumption and construction demand led to excess demand for labor, especially in protected sectors like services, thus driving up wage costs.
As we recently argued, the key will be to maintain an annual growth rate of roughly 6.5%, while pursuing a multifaceted short-term stabilization plan that aims to stimulate job creation to offset the losses from restructuring inefficient industries and eliminating excess capacity.
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