Sentences with phrase «ran surpluses in»

However, even when the federal government ran surpluses in the late 1990s, our current account deficit continued to increase.

Treasury officials said the surplus commitment represented a break with the past since the government had run a surplus in only seven of the last 50 years and three of the last 20.

Not exact matches

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.

According to Trump's own trade representatives, the answer is no — the U.S. does run a deficit with Canada when it comes to goods, but its surplus in services far outweighs that, leaving an overall surplus of $ 12.5 billion for 2016.

But the cruel irony is that any improvement in demand and output conditions in these three countries will partly leak out and benefit the euro area countries with large trade surpluses because their economies are running on exports rather than domestic demand.

Since the U.S. runs a large surplus in its exports of services to China, $ 33.3 billion in 2015, Beijing would be highly tempted to single out this sector for retaliation as well.

In normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalanceIn normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalancein a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.

If the United States is running a capital account surplus mainly because the world is awash in excess savings, then it is unlikely that a cut in the fiscal deficit will cause a drop in the U.S. current account surplus.

Unlike the Euro - PIIGS who are mired in debt, Brazil is running budget surpluses of about 3 % of GDP.

Countries wanting to run a trade surplus will find it more difficult to do so because they will be funding their competition in the USA.

Capital markets in the U.S. are deep, flexible and completely open, making it easy for countries that aim to run trade surpluses to park their excess savings there.

The Social Security trust fund ended 2016 with $ 2.85 billion in reserves, and the program is expected to run a modest surplus in every year through 2022.

The IMF added that if growth was lower than expected or if the Greek government failed to meet targets for running a surplus on its budget excluding interest payments, there would be «significant increases in debt and gross financing needs».

This is what I wrote about in the Financial Times yesterday: the U.S. refusal to cooperate with other countries, above all its double standard insisting that other countries must turn their foreign - exchange surpluses over to the U.S. Treasury to promote U.S. financial markets at their expense — and the demand that any country running a trade surplus with America spend the money on U.S. arms — is so abhorrent that other countries are proceeding to create an alternative global financial system of settling trade and balance - of - payments transactions without the United States.

In the 19th Century England and the United States played these two roles, with excess English savings pouring into the United States to fund growth in history's most successful emerging market, and while the British ran persistent trade surpluses, and the US ran persistent trade deficits, both countries got richeIn the 19th Century England and the United States played these two roles, with excess English savings pouring into the United States to fund growth in history's most successful emerging market, and while the British ran persistent trade surpluses, and the US ran persistent trade deficits, both countries got richein history's most successful emerging market, and while the British ran persistent trade surpluses, and the US ran persistent trade deficits, both countries got richer.

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.

Lacking in domestic savings and wanting to grow, the US must import surplus savings from abroad, and run massive current - account deficits to attract the foreign capital.

Running a trade surplus means that a country sells more to foreigners than it buys from them, and there seems to be an implicit belief that exports are what a hard working country produces, and imports are the equivalent of its consumption, so that a trade surplus means that the country earns more than it spends, and the larger the surplus, the more likely the ants in that country are especially productive, thrifty, morally upright, and perhaps fond of sensible clothing.

Behind Germany and ahead of some of the oil producers, it runs the largest current account surplus in the world, which means that it is exporting its excess savings in a world that has nowhere to put the money, and so the world must respond either with speculative asset bubbles, unproductive investment, debt - fueled consumption binges or unemployment.

In the 1950s in response to a global «dollar shortage» that had impeded the return of international trade in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surpluseIn the 1950s in response to a global «dollar shortage» that had impeded the return of international trade in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surplusein response to a global «dollar shortage» that had impeded the return of international trade in the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surplusein the late 1940s and 1950s, Germany and other countries implemented policies, including sharply undervalued currencies, aimed at acquiring dollars by running large trade surpluses.

Earlier this week, an audio recording emerged from a speech to donors in which Donald Trump boasted about making up facts to mislead Prime Minister Justin Trudeau that Canada was running a large trade surplus with the U.S.:

That is, will the legislation require that surpluses be realized during normal economic times to offset the run up in federal debt during the economic crisis or that only balanced budgets are required?

In 2017 the US ran a current account surplus (goods, services and corporate profits) of 14 billion US dollars against the EU.

Because capital exports are just the obverse of a current account surplus, this meant that after spending much of the 1990s in deficit, Germany's excess production, caused not by a surge in production but rather a decline in consumption, was resolved by the country's running a current account surplus.

First, trade imbalances originate in other countries that resolve them directly by exporting excess savings to the United States, and indirectly by exporting excess production in the form of intermediate goods shipped to several countries in a value chain, which in turn run trade surpluses with the United States.

American negotiators are working to rewrite trade pacts with Mexico and South Korea, in large part because these countries run large bilateral trade surpluses with the United States.

Because the current account ran a $ 22 billion surplus, the sum of the capital account and the central bank account had to run a $ 22 billon deficit, and given that the former was in $ 30 billion surplus, the later must have run a $ 52 billion deficit, that is, central bank reserves rose by $ 52 billion.

If the US were to run a positive current account balance with all of the other 9 largest economies in the world, the chance of the US running large, persistent current account deficits with the entire world would be tiny cuz that'd assume huge surpluses by countries that account for ~ 1 / 3rd of world GDP.

The whole region also began to run the large trade surpluses that characterized Latin America in the 1980s.

Countries had to obtain gold by running trade and payments surpluses in order to increase their money supply to facilitate general economic expansion.

If British textile manufacturers could produce and ship textiles to France at a much lower cost than French producers could manage, for example, England would run a trade surplus in textiles with France, and bankers would finance the trade imbalances.

The United States» bilateral deficit with Thailand is just under the $ 20 billion threshold, and the U.S. runs a bilateral surplus with Singapore (even with Singapore's massive global surplus) thanks in part to large exports of fuel oil.

China ran huge trade surpluses even before then, when it was the Chinese central bank that exported capital as it accumulated one of history's largest hoards of central bank reserves in its efforts to keep down the value of the renminbi.

Canada's surplus in energy was $ 16.2 billion in the second quarter, even as it ran a goods - trade deficit of $ 5.2 billion.

However, the deficit has been eliminated by the decision to continue to run a surplus of over $ 3 billion per year in the Employment Insurance account until 2017.

Although India runs a merchandise trade deficit (2 1/2 per cent of GDP in 2002/03), it has a modest surplus on the current account (0.8 per cent of GDP in 2002/03), owing to sizeable inward current transfers and a surplus for net services.

In addition, with most countries in emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging marketIn addition, with most countries in emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging marketin emerging Asia running a current account surplus and possessing sizable foreign currency reserves, I believe emerging Asia could be better positioned to withstand a Fed tightening cycle than other emerging markets.

Because of the heavy borrowing that led to Greece's financial crisis, running a budget surplus was one of the conditions of the European rescue program in 2010.

Finance Minister Charles Sousa — who finally balanced the books last year when he promised surpluses for the foreseeable future — said Wednesday that Queen's Park will run a $ 6.7 billion deficit in 2018 - 19.

So these are all things plaguing Europe and look if the German citizens acquiesce and say: OK we agree to a transfer union, we will run in a massive trade surplus of the current account surpluses and we're willing to transfer money to Italy to help them.

This rise partly reversed earlier declines, which had reflected a number of factors: the expected negative impact of the Asian situation on the local economy, associated concerns about the possibility of global deflation, and the projected fall in the stock of bonds on issue reflecting the expected run of Budget surpluses and the proposed sale of the remainder of Telstra.

The Group of 20 in Seoul Korea last week accused the United States of competitive currency depreciation and financial aggression, and countries stepped up attempts to shun the dollar and indeed, to avoid running trade and payments surpluses as such.

Even if the government ran a balanced budget or a budget surplus, the Fed would still be able to inflate the money supply (therefore, Mr. Hussman, with whom we agree on nearly everything else in his highly readable weekly comments, is in error on this particular point).

In short, the federal government takes revenue from provinces that run surpluses and remits it to those that don't.

This is not true, however, of Australia where, after four successive budget surpluses in the late 1980s, the Government has been able, responsibly, to run deficits to help the economy out of the recession.

Much of the debate over the past years about the benefits and the costs global specialization, primarily the rapid advance of China as a major manufacturing center has been less about the financial costs — the $ 12 trillion dollars of additional liquidity that the US consumers offered to the world (the cumulative US trade deficit from 1990 through 2015 compared to the over $ 3 trillion dollars in trade surplus run - up by China over this same period — and more in terms of the jobs lost and the impact of foreign products on American wages in manufacturing.

While writing, Lizarondo ran into Gisele Fetterman, founder of a non-profit in Pittsburgh's Braddock neighborhood called the Free Store, which redistributes surplus and donated goods to communities in need.

Also in the Netherlands, Instock runs a restaurant, takeaway and food truck, where 80 % of the ingredients come from surplus food.

The Togolese striker is surplus to requirements at White Hart Lane after failing to break in manager Mauricio Pochettino's plans for large parts of last season and it appears the club are desperate to get him off the wage bill this summer despite the player only having one more year left to run on his current deal.

Paddy Lowe has been promoted from the boardroom to invigorate the side, but with new signings like Sergey Sirotkin, the team are pushing their luck running at a surplus rather than going in for experienced playmakers.