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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.
Tisha D

Balance of Payment deficit drops in Egypt - 0 views

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    This article is about the drop in balance of payment deficit in Egypt in 2012. Balance of payment deficit is when the import of goods and services exceed the export of goods and services. A bank of the country says that such a situation has occurred because of the large number of Egyptian laborers working abroad, especially in countries in The Gulf. We know that in theory, the balance of payments should equal 0. Although balance of payment deficit dropping is a good thing, economists still say that this is still a pressure on the Egyptian government and they will have to strike a deal with the IMF.
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.
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?
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