Surplus
in sentence
1438 examples of Surplus in a sentence
This ignores the fact, highlighted by a recent study by Guntram B. Wolff, that Germany’s current-account
surplus
is the result not of aging households’ frenzied desire to save more, but of underinvestment by businesses seeking to resist wage pressure.
The last
surplus
was in 1974.
For starters, much of what China exports includes components manufactured elsewhere, meaning that the country’s trade
surplus
actually includes the trade surpluses of many other countries.
Moreover, China runs large deficits against Japan and Southeast Asian economies, even as it runs a large
surplus
against the US.
China’s overall trade
surplus
as a share of GDP has fallen steadily over the last decade – from nearly 10% in 2007 to just above 1% in 2017 – meaning that the country’s external account is basically balanced.
Likewise, Brazil must cool its overheated labor market and stem the deterioration in the external balance (which has swung from a small
surplus
to a deficit of more than 2% of GDP over the last three years, despite a large gain in the terms of trade).
First, Brazil should adopt a medium-term fiscal framework that targets a gradually declining path for public debt, including a commitment to adjusting the target for the primary budget
surplus
accordingly.
Moreover, China sits on roughly $3.3 trillion in foreign-exchange reserves – much of it in dollars, but also in other major currencies – owing to its large trade
surplus
in recent decades.
China’s exchange-rate policy and its bilateral trade
surplus
with the US were major issues in America’s presidential election, and concerns over Chinese foreign investment are ubiquitous.
Lacking in savings and wanting to grow, the US runs massive current-account and multilateral trade deficits in order to import other countries’
surplus
savings.
They employ a worker only if there is a
surplus
of his contribution over his cost and if this
surplus
is not smaller than the respective
surplus
that a rival worker in another country or a robot could generate.
These guidelines identify when a country, despite running a large current-account surplus, is pursuing long-term, large-scale purchases of foreign assets, thereby blocking exchange-rate appreciation – exactly the problem we want to prevent.
Countries can reduce their national debt by narrowing the budget deficit or achieving a primary
surplus
(the fiscal balance minus interest payments on outstanding debt).
Lacking in saving and wanting to grow, the United States must import
surplus
saving from abroad.
Ironically, in the coming era of negative saving, the US will find itself increasingly dependent on
surplus
saving from abroad.
As recently as 2008, China’s net trade
surplus
accounted for 8% of its GDP; by 2017, it had fallen to 1.7%.
Of course, the West's ingratitude has been marked: America withdrew from the 1972 ABM Treaty and has now rammed a vague disarmament agreement - to be signed during the summit and which will allow the US not to destroy
surplus
missiles and warheads but rather to put them in cold storage - down Putin's throat.
(Any products needed from a
surplus
partner would be exempted from the partner’s export limit.)
Under CFT, a trade
surplus
country can reduce its exports to the set limit.
But if the
surplus
country tried to exceed its export limit without paying the fine, its
surplus
exports would be blocked.
Because CFT imposes limits just on the trader’s surplus, any attempt by the
surplus
country to decrease the value of its imports from the US would automatically decrease the value of its allowed exports.
Fourth, because of America’s leverage, its adoption of CFT would “nudge” reluctant trade
surplus
countries to accept such a payments system.
From a historical perspective, CFT essentially amounts to a unilateral activation of the scarce-currency clause (Article 7) of the Bretton Woods Agreement, which allowed the International Monetary Fund to declare “scarce” the currency of a country running a persistent trade surplus, permitting other members to discriminate against its goods.
Access to market information, for example, can ensure that farmers selling their
surplus
crops are not cheated by unscrupulous traders, and that fishermen can land their catch at the port offering the best price.
Moreover, their exports grew more slowly than total exports, their imports grew more quickly than total imports, and the multinational sector as a whole moved from a net trade
surplus
in 1999 to a net trade deficit in 2009.
Presidents Ronald Reagan, George H.W. Bush, and Bill Clinton all presided over tax increases, with Clinton’s fiscal policy actually generating a budget
surplus
in the final years of his second term.
But then along came George W. Bush, who argued that the
surplus
should be returned to the people.
As the US pushes China to revalue the renminbi, American economists try to support the case for a stronger renminbi by looking at examples of
surplus
countries that adjusted by carrying out more expansionary policies.
The most extraordinary contribution to this debate has come from the International Monetary Fund, whose April 2010 World Economic Outlook contains a chapter on how adjustment by
surplus
countries can be generally beneficial.
Without debt restructuring, a low target for the primary budget
surplus
(net of debt payments), a “bad bank” to deal with non-performing loans, and a comprehensive reform agenda that tackles the worst cases of rent seeking, Greece is condemned to permanent depression.
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