The main reason why Iceland's economy did not fall harder was a turnaround in the trade balance from deficit to surplus.
而冰岛的经济并没有变的更加艰难的主要原因是归功于贸易差额从赤字到盈余的转机。
Over time that reduces the deficit as the surplus country's exports get more expensive and the deficit country's exports get cheaper.
经过一段时间，为减少赤字，顺差国家的出口变得越来越贵，逆差国家的出口变得越来越便宜。
The Americans and the Germans have been arguing about the respective responsibilities of surplus and deficit countries for 30 years.
有关顺差国家和逆差国家各自应承担哪些责任，美国和德国已经争论了30年。
But they, too, will shift from a budget surplus in 2007 to a deficit of 3% of GDP.
不过，即使如此，他们2007年的预算盈余也将转变为GD P中3%的赤字。
As the us capital account surplus is falling, then so, logically, must be its current account deficit.
随着美国资本账户盈余不断下降，理论上美国经常账户赤字也会不断下降。
A forecast increase in China's surplus ought to mean a bigger deficit elsewhere.
中国盈余的一个预期增长应该意味着别的地方一个更大的赤字。
The residents of the deficit country spend less, leading to a drop in their deficit, and the residents of the surplus country spend more, leading to a drop in their surplus.
逆差国家的居民消费减少，导致了他们赤字的下滑，而顺差国家的居民消费得更多，导致了他们的顺差的下滑。
In 2000 America ran a structural surplus; in 2007 it had an underlying deficit of 3% of GDP.
2000年，美国尚且实现了结构性盈余，而到了2007年，其基础赤字变为GDP的3%。
Between 2001 and 2006 (when America's trade deficit peaked), the increase in emerging Asia's trade surplus with America accounted for only 6% of the region's GDP growth.
2001年至2006年期间(美国贸易逆差达到顶峰之时)亚洲对美国贸易顺差额只占该地区GDP增长量的6%。
While most Asian countries have a trade surplus, India has long run a trade deficit.
亚洲多数国家都有贸易顺差，印度却长期维持贸易逆差。
The currency of a surplus country will, all things being equal, rise in value, while that of a deficit country will sink.
顺差国家的货币，所有的其他东西都一样，会升值，然而，逆差国家的货币会贬值。
Another important lesson was that deficit countries outperformed surplus countries.
另一个重要历史教训是，赤字国家表现胜过盈余国家。
To them, currency revaluation is a proxy for reducing the trade deficit to zero - or better yet, turning it into a surplus.
在他们看来，汇率的调整只是依托，他们想要的是贸易逆差转为零，甚至转为顺差。
The second rebalancing involves a global demand switch from external deficit to external surplus counties.
其二，是指使全球需求从对外逆差国转移到对外顺差国。
China has a surplus in trade with the us and Europe, but runs a deficit in trade with Japan, Republic of Korea and ASEAN countries.
中国对美国和欧洲有贸易顺差，但对日本、韩国和东盟国家有贸易逆差。
As future conditions are uncertain, production is always speculative. It may result either in a surplus or in a deficit in the means of the entrepreneur.
假如未来的处境不确定，那么生产就总是有风险的，可能获利也可能亏损，这取决于企业家的方法。
Yet the fund also expects the rest of the world combined to run a rising surplus (this includes a big drop in America's deficit).
但是基金组织也预期世界的其他国家总体将有一个增加的盈余(这包括美国赤字的大幅下降)。
A trade surplus adds to GDP and a trade deficit takes away from it.
贸易顺差增加GDP而贸易赤字则降低GDP。
It pledged to "work toward a more balanced pattern of global growth, recognizing the responsibilities of surplus and deficit countries."
它保证正在向着全球增长更平衡的模式努力，并意识到盈余和赤字国家的责任感。
On February 18th Britain reported a deficit for January, a month of surplus since records began in 1993.
在二月十八日，英国报告了一月份财政的赤字，自从1993年有记录以来英国只有一个月是有盈余的。
Over the past decade, China's budget deficit was very low, and in 2007 it ran a budget surplus.
过去10年来，中国的预算赤字很低，2007年还出现了预算盈余。
Even if you strip out the cyclical economic effects, the 1% surplus he inherited had become a deficit of more than 2% of GDP last year.
即使扣除经济周期效果，布什所继承的1%盈余在2008年已变成占GDP2%强的赤字。
s policy-setting committee was benign. It pledged to “work toward a more balanced pattern of global growth, recognizing the responsibilities of surplus and deficit countries.
它保证正在向着全球增长更平衡的模式努力，并意识到盈余和赤字国家的责任感。
But it is true that, within a single-currency zone, habitual surplus countries tend to be matched by habitual deficit ones.
但是现实如此，在一个统一货币区，通常盈余的国家总是被拿来与经常亏损的国家做对比的。
The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions.
现在的预算，在十年以前还会有点剩余，现在却有和希腊一样比例的赤字。
The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions.
现在的预算，在十年以前还会有点剩余，现在却有和希腊一样比例的赤字。
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