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Andrzej Z

US TRADE DEFICIT HITS HIGHEST LEVEL IN MONTHS - 1 views

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    It is an article related to the balance of payments topic. This article reports the situation of the US current account. The US current account is facing a deficit because they country is importing more than they export. The US needs many imported products and commodities to meet the consumers demand. This demand for products and commodities from foreign countries (especially oil) has been rising for the last 20 years and so has the US current account deficit.
Jean Eric

U.S. trade deficit widens slightly on weak exports - 0 views

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    This article represents the perfect example of how the balance accounts aren't equaling out! The article states that the the US debt has increased due to a decrease in exports. What this tells us is that the current account has decreased and therefore has further de-equalized the situation. Therefore as the article states the debt has grown by 0.4% to $38.8 billions dollars. Telling is us that the capital and current accounts arent balancing eachother
Matthew R

Bundesbank's Dombret defends German trade surplus - 1 views

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    Andres Dombret has defended Germany's trade surplus. In recent weeks Germany has been criticized for their extremely high trade surplus due to the mass amounts of exports they ship out. Their Current accounts surplus ended up being at 19.7 billion, the highest in the world. Officials are saying they are hurting the Global Economy with this and that they need to boost their domestic demand. What do you think?
Jina K

Thai Baht Climbs as U.S. Shutdown Cuts Dollar Demand; Bonds Rise - 0 views

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    Thailand's baht appreciated extending a rebound from last month's three-year low to 4 percent, as U.S. lawmakers' failure to resolve a budget issue decreased demand for the dollar. Thailand also sees an increase in exports shipments of 3.9 percent in August, allowing the country to see a current-account surplus of $1.3 billion for the month. This shows how currencies can appreciate as an effect of another country's depreciation. Here, we US dollar depreciating due to less demand for it. Moreover, Thai baht also increases, supported by a current-account surplus.
Kyuhwan L

S Korean won tumbles after Seoul warns of intervention - 0 views

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    Asian markets have been hit with news of a liquidity squeeze in China's markets, but the South Korean won has hit a two year high. The country's current account surplus and the popularity of its bonds is strengthening the currency. However, because Korea is a heavily dependent export country, the government is intervening to stymie the growth of the won. In fact, the central bank has bought 2 billion dollars worth of the won to reduce the growth.
Jina K

Thai Baht, Bonds Fall This Week on Amnesty Bill, Current Account - 1 views

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    Thai Baht has depreciated 0.6 percent to 31.305 per dollar in the previous weeks. This was the baht's weakest week in a month. This has been due to the recent political protests against the amnesty bill. Foreigners have been cutting holdings of the nation's assets in fear of instability. This shows how a demand for a currency can decrease due several factors, including political unrests. As foreigners fear that the nation future in terms of its economic performance is not stable, the demand for Thai baht decreased. People are more reluctant to invest as they fear the political unrests could lead to a fall in value for the assets.
Mariya L

Indonesia c.bank seen raising rates to defend wilting rupiah - 0 views

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    The author of the article talks about Indonesia. It focuses on the attempts of central bank of Indonesia to defend the rupiah, "which has slid some 12 percent so far this year amid a global emerging markets rout." The currency has fallen to its weakest levels since April 2009, as worries about the country's current account deficit and high inflation rate have sparked a sell-off of Indonesian assets. Sudden declines in rupiah and local stocks over the last week, necessitated central bank to take part. Emergency fiscal and monetary policies that were announced last week, had done little to improve the current situation. Therefore, currently to protect its currency, Indonesian central bank attempts to raise the rates.
Mariya L

Japan Trade Deficit Widens as Imports Surge - 1 views

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    Japan's trade deficit increases in October as increase in imports exceed increase in exports to the US and China. Over the past years, weakening yen has helped promote exports, but also increases the cost for imports. The increase in cost for imports, such as crude oil, helped widen trade deficit. This shows the relationship between the current account and the exchange rate. Japan is currently going through a balance trade of goods and services deficit. This results in downward pressure on the exchange rate of the currency as there is an increase in the supply of yen due to increase in imports.
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    This article focuses on the trade deficit of Japan. Japan's trade deficit nearly doubled in October, as growth in imports outpaced robust increases in exports to the U.S. and China, the Finance Ministry reported Wednesday. There are several factors that led to trade deficit. Firstly, the weakening of the yen over the past year had its significant impact on imports and exports. After meltdown of the nuclear power plant in 2011, Japan has faced loss of the generation capacity, therefore forcing Japan to import natural gas and oil. Overall, weakening in the Japanese yen over the past year has helped exports, but it has also increased the cost of imports.However, the exports are not as stable as they could be. Slowdown in economic growth of China has led to decrease in demand for Japanese exports.Overall the article talks about the details of the trade deficit of Japan.
Max W

IIP numbers close to expectations - 1 views

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    This atricle is an interview with ET Now, Saugata Bhattacharya, Economist, Axis Bank, shares his views on IIP Numbers.
Jina K

Fall in imports curbs Lebanon's balance of payments deficit - 0 views

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    The fall of imports have reduced Lebanon's balance of payments deficit from $1,932.1 millions US dollars to $675.2 US dollars. Movement of imports and exports are the most significant variable affecting the balance of payments. The slowdown of Lebanon's economic activity results in lower imports and therefore lowering the deficits in the balance of payments. Imports to Lebanon is usually higher than its exports, but this had changed in 2013. Lebanon's exports of banking, educational and health services have increased. Deposit inflows had increased by 11 percent compared to last year. This article clearly relates to the Balance of Payments. Here, Lebanon's movement of goods in and out of its country pay a major role in determining the Balance of Payments. Obviously, these imports and exports are a part of the current account, which includes the balance of trade in goods (visible trade balance) and balance of trade in services (invisible balance). Lebanon sees an increase in services, which means that there could be an improve balance of trade in services.
Matthew R

Trade deficit falls by $2.8 billion as imports drop - 1 views

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    This article talks about how the trade deficit in Lebanon has fallen $2.8 Billion because of a drop in imports. This is a perfect example of how current account plays an important role in Internal Economics. Lebanon has previously had a reputation for importing many goods and this has caused them to have a very big Trade Deficit. However, recently reports have shown that they have drastically reduced their imports. This has resulted in them lowering their Trade Deficit, although they still remain some $14 million dollars below a balanced Trade.
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