Surplus
in sentence
1438 examples of Surplus in a sentence
Another is the capacity for price discrimination by new electronic market makers like Uber, which thus appropriate every penny of the old “consumer surplus” of microeconomic theory.
The US also began to borrow freely from China’s vast reservoir of
surplus
saving – a convenient solution for the world’s largest deficit saver.
China’s progress has been mixed, but the endgame is no longer in doubt, underscored by a shift from
surplus
saving to saving absorption.
With America’s saving shortfall now worsening in the aftermath of last year’s poorly timed tax cuts, the US will only become more reliant on
surplus
savers like China to fill the void.
The US remains stuck in the time-worn mindset of a deficit saver with massive multilateral trade deficits and the need to draw freely on global
surplus
saving to support economic growth.
Yet the evidence points elsewhere: to a dramatic shortfall of domestic saving that leaves America dependent on
surplus
saving from abroad to fill the gap.
But it left China in a deepening hole: increasingly deficient in jobs per unit of output, it needed more units of output to absorb its
surplus
labor.
After all, higher private consumption implies an end to China’s
surplus
saving – and thus to the seemingly open-ended recycling of that
surplus
into dollar-based assets such as US Treasury bills.
Conversely, Germany, which has suffered from relative deflation and a long slump under the euro, will experience an inflationary boom that will reduce its competitiveness and current-account
surplus.
A decade ago, in the midst of an economic boom, the US faced a
surplus
so large that it threatened to eliminate the national debt.
Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge
surplus
into record peacetime deficits.
The current accounts of all southern eurozone countries are improving rapidly and, with the possible exception of Greece, will soon swing into
surplus.
As a result, these countries’ current accounts are now moving into surplus, and their external solvency is improving rapidly.
Even Italy, whose external deficits have remained small, will soon record a current-account
surplus.
But if the deficit countries spend less while the
surplus
countries don’t compensate by savings less and spending more – especially on private and public consumption – then excess productive capacity will meet a lack of aggregate demand, leading to another slump in global economic growth.
Specifically, China and emerging Asia should implement reforms that reduce the need for precautionary savings and let their currencies appreciate;Germany should maintain its fiscal stimulus and extend it into 2011, rather than starting its ill-conceived fiscal austerity now; and Japan should pursue measures to reduce its current-account
surplus
and stimulate real incomes and consumption.
As a result, from 2005 to 2012, Brazil’s $20 billion trade
surplus
in manufactured goods swung to a $45 billion deficit.
When demands for China to adjust its exchange rate began during George W. Bush’s administration, its multilateral trade
surplus
was small.
More recently, however, China has been running a large multilateral
surplus
as well.
Saudi Arabia also has a bilateral and multilateral surplus: Americans want its oil, and Saudis want fewer US products.
Even in absolute value, Saudi Arabia’s multilateral merchandise
surplus
of $212 billion in 2008 dwarfs China’s $175 billion surplus; as a percentage of GDP, Saudi Arabia’s current-account surplus, at 11.5% of GDP, is more than twice that of China.
Saudi Arabia’s
surplus
would be far higher were it not for US armaments exports.
But China’s current-account
surplus
is actually less than the combined figure for Japan and Germany; as a percentage of GDP, it is 5%, compared to Germany’s 5.2%.
Since China’s multilateral
surplus
is the economic issue and many countries are concerned about it, the US should seek a multilateral, rules-based solution.
The Price of Oil in 2015LONDON – In late 1979, I began work on my PhD thesis, an empirical investigation of the OPEC
surplus
and its disposal.
The way out of this dialogue of the deaf requires acknowledging that competitiveness is a relative concept, and that all national policies, including those of
surplus
countries, must be part of the discussion.
Since China joined the World Trade Organization in 2001, the US has taken issue with China’s large current-account
surplus
and the undervalued renminbi.
But over the last ten years, that
surplus
has pretty much disappeared, and the renminbi has largely been appreciating.
On the trade front, China’s large bilateral
surplus
with the US could mean that it has more to lose from a trade war, simply because it has more exports that can be penalized.
It is often said that
surplus
countries will always be the biggest losers in any tit-for-tat escalation of tariffs and other barriers.
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