Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...universities, indeed, turn out more graduates than the impoverished Egyptian economy can absorb, and more than 1 million of them now work, often in key positions, in other Arab countries. The remittances they send home, amounting to $500 million last year, help trim Egypt's huge balance of payments deficit...
...Gamal Abdel Nasser's cumbersome socialist state and once again invited foreign investment. But the response has not even been as loud as a whisper. Last year, in order to pay off short-term debts, more capital flowed out of the country than into it. The balance of trade deficit is now equal to a fifth of the gross national product ($13.7 billion a year). This is something close to an economic impossibility, and Egypt is technically bankrupt. It is kept alive only by massive handouts and loans from abroad, mostly from Saudi Arabia, Kuwait...
...decline of inflation has given a welcome boost to British exports, which during 1977 significantly increased their share of the world market. As exports have risen and the pound has steadied, foreign capital has once again begun to flow into Britain, converting a 1976 balance-of-payments deficit of $6.9 billion into a surplus of $10.3 billion in the first nine months of 1977 (including both current transactions and capital movements...
West Germany is also running an international surplus, but unlike Japan, it maintains few barriers to imports. More to the point, West Germany's trade with the U.S. is several hundred million dollars in deficit, and the nine countries of the Common Market as a whole imported $3.6 billion more from the U.S. than they exported to it in the first nine months of this year. As a result, Europeans are understandably resentful of Washington's feeling that they are somehow or other sponging off U.S. expansion and are particularly wary of calls to pump up their...
...average against 15 foreign currencies. Major reason: the greenback has been going up against the Canadian dollar and the Mexican peso, the currencies of two of the most important U.S. trading partners. Some economists also argue that the fall of the dollar should help to shrink the U.S. trade deficit by making U.S. exports cheaper and imports more expensive...