Surplus
in sentence
1438 examples of Surplus in a sentence
But this could prove to be a hollow solution, given that the UK maintains a trade
surplus
with the US, and Trump is a vocal critic of American trade deficits.
Germany’s immense current-account
surplus
– the excess savings generated by suppressing wages to subsidize exports – has been both a cause of the eurozone crisis and an obstacle to resolving it.
Now that Germany’s annual
surplus
– which has grown to €233 billion ($255 billion), approaching 8% of GDP – is no longer being recycled in southern Europe, the country’s depressed domestic demand is exporting deflation, deepening the eurozone’s debt woes.
Germany’s external
surplus
clearly falls afoul of eurozone rules on dangerous imbalances.
And yet, at around the same time, the United States Congress issued its loudest call ever to classify China as an exchange-rate manipulator, accusing Chinese leaders of maintaining the renminbi’s peg to the dollar in order to guarantee a permanent bilateral trade
surplus.
But Japan and China also want competitive exchange rates to spur export growth, and the eurozone already runs a current-account
surplus.
What’s more, the US should start doing what rich countries are supposed to do: exporting capital and running a trade
surplus
to fund industrialization in underdeveloped parts of the world.
World Bank chief economist, Joseph Stiglitz has called on China to pursue a beggar-thy-neighbor strategy, never mind that China is a trade
surplus
country, has large reserves, little debt, and grows at more than 7%.
China's current account
surplus
and export growth have, indeed, fallen.
Urging large surplus, low debt countries to devalue is an invitation for beggar-thy-neighbor policies 1930s style, for a Chinese devaluation would trigger an outburst of devaluation across Asia, or at the very least the expectation of one.
Likewise, the UK has a services surplus, which matters far less to the rest of the EU than it does to Britain.
Current negotiations seem to envisage a modest primary budget
surplus
of 0.8-1% of GDP for 2015.
But the best feasible target would be a tiny symbolic
surplus
for the primary balance (which excludes interest payments on debt) this year, and a gradual increase thereafter to a realistic 1.5-2% of GDP.
The news from Greece these days has been dominated by the announcement that the government achieved a primary budget
surplus
(the fiscal balance minus debt service) in 2013.
While the primary deficit (before interest payments) in 2002 was similar among countries with and without important natural resources, in 2007, the former showed a
surplus
equivalent to 3.8% of GDP – compared to 1.6% of GDP for non-commodity-exporting countries.
Latin America will finish 2007 with a current account
surplus
and growing foreign-currency reserves, insulating them from financial crisis.
Whereas Chile, for example, recorded a slight fiscal deficit in 2003, by 2006 it boasted an almost 8%-of-GDP
surplus.
Likewise, thanks to the discovery of gas, Bolivia turned its 8%-of-GDP fiscal deficit in 2003 into a
surplus
of 1.2 of GDP in 2006.
Of eleven of the region’s countries – the five MERCOSUR economies, the four Andean Community countries, plus Chile and Mexico – seven have had a fiscal
surplus
in 2006 and six will maintain it – less easily – in 2007.
While Germany has a hefty trade
surplus
with the United Kingdom, the integrity of the EU’s single market matters more to Merkel and German business than cutting a sweetheart deal with the UK.
Moreover, national banking systems can now separate more easily, because the peripheral countries’ current accounts have already achieved a rough balance, with all but Greece expected to record a small external
surplus
in 2014.
In response, current-account balances – the Achilles’ heel of the so-called East Asian growth miracle – went from deficit to
surplus.
A similar transformation occurred in South Korea, where a 2.8% current-account deficit in 1996-1997 became an 8.6%
surplus
in 1998-1999.
Hubbard and Mankiw advised former President George W. Bush in his first term, when he cut taxes and transformed a record
surplus
into a record deficit.
For any normal country, the build-up of extensive
surplus
capacity would lead to sharp declines in investment and GDP growth.
Greece largely succeeded in following the dictate set by the “troika” (the European Commission the ECB, and the IMF): it converted a primary budget deficit into a primary
surplus.
But Spain had a
surplus
and a low debt ratio before the crisis, and it, too, is in depression.
The government had budgeted for a large primary
surplus
(which excludes interest payments), which was projected at 4% of GDP.
If Greece had defaulted in January, this primary
surplus
could (in theory) have been redirected from interest payments to finance the higher wages, pensions, and public spending that Syriza had promised in its election campaign.
Given this possibility, Varoufakis may have believed that he was making other EU finance ministers a generous offer by proposing to cut the primary
surplus
from 4% to 1% of GDP, rather than all the way to zero.
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