The chief drivers have been
high current account deficits fuelled (literally) by oil - the sluggishness of the Indian economy driving out foreign investments, which had been impacted by the tapering of the quantitative easing program of the Federal Reserve Read more -LSB-...]
A high current account surplus can allow more room for investments.
BASEL, Switzerland - Swiss National Bank Chairman Thomas Jordan will give a speech on «Switzerland's
high current account surplus: consequences for the SNB's monetary policy??»
China, however, is already challenging Europe as running
the highest current account surplus in history, and in a world in which demand is likely to remain weak for many years, the external sector is unlikely to provide sufficient additional demand.
It is clear that we should be prepared for
a higher current account deficit in the short run — to try to avoid it would place intolerable strains on the rest of the economy.
Not exact matches
Higher U.S. yields can put pressure on the currencies of emerging market countries that run
current account deficits such as Indonesia and India, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.
That should ensure that borrowing costs will remain low, but in the longer - run trade deficits and shrinking
current account surpluses could threaten Japan's ability to finance a debt pile that is twice the size of its economy, the
highest ratio in the developed world.
People who primarily use an HSA to pay for their
current health - care costs should avoid
high - fee
accounts.
COPENHAGEN, Oct 9 - Denmark's
current account surplus swelled to a near - record
high and the trade surplus rose in August, signs its economy was holding up well in the face of recession across Europe.
It is understandable «Types of
current credit» garnered the
highest percentage of incorrect responses because this factor
accounts for a mere 10 percent of credit score points.
France has a large
current account deficit, a significant budget deficit and
high debt to GDP.
The average absolute value of
current account balances as a share of GDP is
higher today than it was three decades ago, with much of the run - up occurring in the past decade, and there is less dispersion around the average.
By definition any country with both
high investment and a
current account surplus must have a
high savings rate, but I don't understand why having
high savings explains China's
high debt levels.
In a world of capital scarcity and
high investment demand, membership in a trading regime built around large trade and
current account surpluses is rewarded by access to equally large capital exports.
In other words, when taking inflation into
account (and relative to its prior
highs and lows), the
current silver price is historically undervalued.
The Triffin Dilemma, as this problem is known, points out that if foreign growth is
high enough relative to US growth that the need for US dollar reserves grows faster than the US economy, the resulting US
current account deficit will require that the US sell assets fast enough, or that US obligations to foreigners grow fast enough, eventually to put the US economy at risk.
However, it should be noted the EI
Account is forecast to generate an annual surplus of about $ 4 billion in 2015 - 16), as
current legislation requires that premium rates be kept
high to compensate for previous years» deficits in the
Account.
There should be, if you are right, an inverse correlation between domestic interest rates and the size of a country's
current account deficit: the larger a country's
current account deficit, the lower its domestic interest rates should be, and the larger the
current surplus, the
higher its domestic interest rates should be.
Let us assume that China's
current account surplus is equal to 2.5 percent of GDP, which is probably a little
higher than what the reported 2016 surplus is likely to be.
If we assume that disposable household income is currently half of GDP, eight years of real GDP growth of 6.9 % and real disposable household income growth of 7.7 % will only raise the household income share of GDP to 53.1 % in 2023, a little more than 3 percentage points
higher and still below its 21st Century average and leaving China as dependent as ever on investment and the
current account surplus.
China's
high reserves were built up because of the combination of large
current account surpluses since 1994 and net capital
account inflows until around mid-2014.
Is it reasonable, then, to assume that the larger a country's
current account deficit, the lower its interest rates, while the larger a country's
current account surplus, the
higher its interest rates?
The clearest evidence of Euroglut is Europe's
high unemployment rate combined with a record
current account surplus.
3) Persisting external pressures in the form of low dollar liquidity and declining net international reserves, despite
higher oil prices and a decreasing
current account deficit
The impact of
higher oil prices on the country's
current account deficit and inflation rate, the Indian banking system's struggles with demonetization, scandals, bad loans and a government looking ahead to next year's general election have all taken a toll on investor sentiment.
Buoyed by
high oil revenue, the country enjoyed a robust
current -
account surplus that rose steadily from 2010 to 2012, according to World Bank figures.
The country's challenges include
high net debt levels, a budget deficit approaching 9 % of gross domestic product (GDP), and a gaping
current account deficit.
In tandem, the era of
high oil prices prompted an increase in saving among oil producers... Using the increase in emerging markets»
current account surplus as a guide suggests the desired saving schedule has shifted to the right by 1pp as a result of the EM saving glut, which lowers the global real rate by round 25bps.
The point which Ben very appropriately emphasizes is that unmanaged secular stagnation in one place is contagious — that a
higher level of saving over investment leading to low interest rates in one place, leads to
current account surplus, leads to a capital outflow, which then leads to currency depreciation, leads to currency appreciation in other places, and leads therefore to spreading low demand and low interest rates everywhere.
These
accounts should hold the very
highest - return potential assets since their returns will not be taxed at all based on
current tax law.
With fiscal deficits likely to push an already - low domestic saving rate even lower — possibly back into negative territory, as was the case from 2008 - 11 — there is a great risk of a sharply
higher current -
account deficit.
Evidence in that is Germany's
current account surplus which continues to hit new record
highs every month.
But they have been part of the Canadian labor market for decades and they can not
account for the lack of job creation in Canada for the past four years and the
current high unemployment rate.
During the second half of 2004, Australia's
current account deficit widened by almost 1 1/2 per cent of GDP to over 7 per cent of GDP, the
highest level since the early 1950s.
Fund deductible
accounts when your
current marginal rate is
higher than your expected marginal rate in retirement.
Mutual fund rankings or ratings will take the long - term performance of various funds into
account Current investment trends can often drive popular stocks
higher.
Full Sail Brewing Company / KYLA Kombucha is looking for a professional,
high energy, driven Sales Representative to increase sales and brand awareness in
current accounts as well as developing new business throughout the Denver / Boulder market in collaboration with our Distributor Partners.
They blame «inexact scientific reports and inaccurate media
accounts» for the
current stigma associated with
high fructose corn syrup.
We'll discuss un-winning mentalities, overuse the word «microcosm» and debate whether or not Gooners can be sent to Hell for wishing for a Sp * rs Premiership title before turning our attention to the good old days of Arsenal's Invincibles, the shifting North American scouting network and how to get Arsene Wenger to write the foreword in your book with former Arsenal player and
current Arsenal scout Danny Karbassiyoon, whose own
account of
highs and lows while playing for Arsenal are fleshed out in his new title The Arsenal Yankee, which comes out in early May.
The announced intention to borrow an additional $ 1billion from the capital market this year should be shelved because it would only be achieved at very
high cost which would worsen the fiscal and
current account situation and make Ghana's debt unsustainable.
With low net international reserves, a double digit fiscal deficit, double digit
current account deficit, and double digit inflation, Ghana may have to pay a very
high interest rate, possibly, a double digit interest rate, for any sovereign bond issued this year.
Mr. Timms: I remind the hon. Gentleman that there have actually been quite a few occasions in the past when the
current account deficit was
higher than it is now.
Current law allows these
high density areas to receive the extra funding because they
account for half of all transit in the country.
If the young Earth contained more heat than
current theories
account for, there might have been enough left over to power the requisite convection, even given the new findings about liquid iron's
higher conductivity.
So far, the basic question — how do these materials carry
current without resistance at temperatures much too
high to be
accounted for by the classical model of superconductivity?
Current research methods such as ice - core drilling can produce
high - quality records of aerosols and soot going back centuries and even millennia, he says, and «these written
accounts provide a good complement» to the data.
Rotators get to keep their
current salary — which is often
higher than the federal pay scale — and benefits, including contributions to their retirement
accounts.
That increase was based partly on rising test scores and partly on the four - year graduation rates at the school, which takes into
account not only
current students, but also both students who attended Cohen in the past and tranferred to other schools, and those who have transferred into Cohen partway through their
high - school careers.
Taking into
account the thousands of «invisible» students who dropped out of school due to failing a
high stakes test, 10,000 students will be prevented from graduating due to failing one of more of the four
current high stakes exams.
The GT3 RS's naturally aspirated 4 - litre flat - six is carried over from the previous - generation car (and the
current GT3), with power increasing by 20bhp to 513bhp at 8450rpm (200rpm
higher than its predecessor) and torque rising by 7 lb ft to 346 lb ft.. There's a new titanium exhaust with 91 mm diameter pipes, a revised intake system and a new engine management system that
account for the slightest of gains in the sprints (at 3.2 seconds it's a tenth quicker than the old car to 62mph) but will have a bigger impact on the car's as - yet - undisclosed Nürburgring lap time.