Example collocations logo

Surpluses in sentence

590 examples of Surpluses in a sentence

Germany exports to the EU 30% more than it imports from it, and runs one of the world’s largest current-account surpluses.
More recently, Clinton defended the economic mainstream against attack by conservative Republicans, who pushed for deep tax cuts that would undermine the fiscal surpluses of recent years.
China’s Vicious Growth CircleLONDON – Most economists have a reason to be worried about China’s economy – whether it be low consumption and large external surpluses, industrial overcapacity, environmental degradation, or government interventions like capital controls or financial repression.
Indeed, the Netherlands, Switzerland, Sweden, and Norway are all running surpluses that are larger as a proportion of GDP than Germany’s.
Moreover, their surpluses have been more persistent than those of Germany: ten years ago, Germany had a current-account deficit, while its linguistic kin were already running surpluses of a similar size as today.
Much of the facile policy advice provided to correct the German surplus seems misguided when one examines the persistent surpluses of this diverse group of countries.
Within the eurozone, the counterpart to the German surpluses used to be the deficits of the peripheral countries (mostly Spain, but also Portugal and Greece).
US President Donald Trump’s suggestion that these surpluses are a byproduct of unfair trade practices rings stridently hollow.
As of 2017, Austria, Denmark, Ireland, Japan, Luxembourg, Netherlands, Norway, Sweden, and Switzerland have substantial current-account surpluses, relative to their respective GDP.
When the same question was put to the US in its era of surpluses at the end of World War II, when the concern was a global shortage of dollars, it was dismissed unequivocally.
The US has recorded external surpluses in only three of the 38 years since 1980.
When commodity prices boomed in the middle of the last decade, the rule called for huge budget surpluses – which Chile achieved, repaying almost all of its public debt and accumulating a sizable rainy-day fund.
The Republicans under Bush have turned huge surpluses into terrifyingly large deficits.
So, while post-crisis Asia focused in the 2000’s on repairing the financial vulnerabilities that had wreaked such havoc – namely, by amassing huge foreign-exchange reserves, turning current-account deficits into surpluses, and reducing its outsize exposure to short-term capital inflows – it failed to rebalance its economy’s macro structure.
Much is made of Germany’s large current-account surpluses.
But, just as the eurozone’s struggling economies have an overvalued currency, Germany has an undervalued one, which tends to produce external surpluses and, by definition, an excess of savings over investment.
There is no credible scenario in which Japan can generate fiscal surpluses large enough to repay its accumulated debt: a significant proportion will remain permanently on the Bank of Japan’s balance sheet.
An already far too high dollar would be pushed even higher as Asia seeks to resolve its employment problems by ever-larger trade surpluses.
Rebalancing also involves a global demand switch from external-deficit countries to those running large current-account surpluses.
Meanwhile, the eurozone core (Germany, the Netherlands, Austria, and France) comprised the producers of first and last resort, spending below their incomes and running ever-larger current-account surpluses.
Unit labor costs fell in Germany and other parts of the core (as wage growth lagged that of productivity), leading to a real depreciation and rising current-account surpluses, while the reverse occurred in the PIIGS (and Cyprus), leading to real appreciation and widening current-account deficits.
This implies significant easing of monetary policy by the European Central Bank; provision of unlimited lender-of-last-resort support to illiquid but potentially solvent economies; a sharp depreciation of the euro, which would turn current-account deficits into surpluses; and fiscal stimulus in the core if the periphery is forced into austerity.
But, with current-account surpluses, renationalization of banking, by limiting the international transmission of financial shocks, can be a stabilizing force.
For the ASEAN-5, current-account deficits averaging 4% of GDP in 1996-97 swung dramatically into average surpluses of 6.8% of GDP in 1998-99.
As Trump berates Germany for accumulating surpluses without contributing sufficiently to transatlantic defense, the country should be all the more motivated to use its capabilities to strengthen Europe.
Capital-account surpluses, mirrored in current-account deficits, summed to about $3.3 trillion from 2010 to 2017, compared to an $8 trillion aggregate federal deficit.
They reduced inflation, floated their currencies, ran external surpluses or small deficits, and, most importantly, accumulated mountains of foreign reserves (which now comfortably exceed their short-term external debts).
There are large current-account surpluses among emerging markets (a big change from 1997, when most emerging markets had deficits).
Indeed, several large oil exporters and Asian manufacturing exporters will have sizable surpluses for as long as we can forecast.
Absent the willingness of large developing countries to run trade surpluses and high savings rates relative to investment, the asset bubble in the US – leading to a rise in domestic consumption and a fall in the savings rate – would have triggered inflation and higher interest rates.
BackNext