A current-account surplus turned into a deficit as imports flooded in.
而随着进口规模的不断扩大，往来帐户中的营余也转为了赤字。
It may work: Latvia now has a current-account surplus as its exports rise.
由于出口增长，拉脱维亚获得了经常项目盈余，因而这一行为也许会有一定效果。
This implies a gradual shrinking of the relative size of its current-account surplus.
这也意味着它现金账户规模的逐渐减小。
The Chinese current-account surplus in 2008 was 21% of the combined total for surplus countries.
2008年中国的经常项目盈余占所有盈余国家总和的21%。
That is not to say that there will be a sharp drop in China’s current-account surplus this year.
这并不意味着中国今年的经常账目盈余将暴跌。
The fund forecasts that the global current-account surplus will rise to almost $700 billion by 2014.
国际货币基金组织还预测，到2014年世界经常账户盈余将会升至7000亿美元。
France moved from a current-account surplus of 3.1% of GDP to a deficit of 2.2% in the space of a decade.
法国在十年间从经常账户盈余占GDP的3.1%转变成赤字占GDP的2.2%。
Exports are booming, and there should be a current-account surplus this year for the first time in over a decade.
出口越来越好，这一年也许会成为近十年来第一次出现的当年账户贸易顺差。
But as long as China runs a large current-account surplus, it must, by definition be accumulating foreign assets.
但是只要中国有一个较大的经常项目剩余就必须定义为这是外国资本的积累。
On the contrary, in the fourth quarter of 2008, China's reserves barely rose, despite a record current-account surplus.
与此相反，在08年第四季度，尽管经常账户盈余达到历史最高值，中国的外汇储备几乎没有增长。
The Swiss have both a fiscal and a current-account surplus, a low inflation rate and a relatively low debt-to-GDP ratio.
瑞士人有财政和经常账户的双重盈余、很低的通胀率和相对较低的债务与GDP比率。
Exports to the West did not surge until 2000. The region's current-account surplus actually shrank between 1998 and 2001.
2000年前对西方的出口并没有飙升，事实上，98年- 2001年间该地区的现金账户盈余是在缩水的。
When wages rise more slowly than productivity, an economy produces more than it can consume, resulting in a current-account surplus.
当工资涨幅低于GDP涨幅时，就发生产能过剩，从而导致经常账户出现盈余。
Between 1880 and 1914, Britain ran an average current-account surplus of 5% of GDP. In contrast, America today has a deficit of 7% of GDP.
1880至1914年期间，英国的平均经常项目盈余占其GDP比重的5%，相对比，如今美国的经常项目赤字占其GDP比重的7%。
Russia is running a huge current-account surplus, it is paying off the last of its debt and the rouble has just been made fully convertible.
俄国保持着巨大的经常性帐户盈余，正在偿付最后的债务，并且刚刚使卢布可以自由的兑换。
And unlike America, Germany is a supplier of global credit: its current-account surplus was a hefty 7.7% of GDP last year, according to the OECD.
不同于美国，德国是全球信贷的供应商：据经合组织称，去年其经常账户盈余是达到了惊人的7.7%。
For now this decline is offset by the strong rise in corporate savings, which is why Japan continues to run a comfortable current-account surplus.
目前，日本公司存款的强势增长能够抵消这种下滑趋势，这也是日本能够持续稳当地维持经常项目盈余的原因。
However, these factors have started to reverse since March 2009, and markets now generally expect South Korea to record a current-account surplus in 2009.
然而，这些因素自2009年3月便已经开始得到扭转，并且现在市场普遍预期韩国2009年经营其来往账户是略有盈余的。
But China's large current-account surplus and America's big deficit also suggest that the yuan will have to become much stronger and the dollar much weaker.
但是中国的经常账户上有大量顺差而美国有大量赤字，这就意味着人民币将强势上扬，而美元会更加疲软。
The report also highlighted that China's current-account surplus had fallen in recent months--which could be an indication that the currency is properly valued.
报告还强调，近几个月中国经常项目盈余下滑，这可能表示人民币汇率处于合理水平。
Slower export growth and stronger domestic spending will cause China's current-account surplus to shrink below 5% of GDP in 2010, less than half its peak in 2007.
出口增长放缓和国内消费增强将会使中国的经常帐户盈余在2010年缩至不足gdp的5%，这还不足2007年峰值的一半。
Other factors adding to the yen's strength include the country's persistent current-account surplus, $12.3 billion in June, which is driven by a strong export sector.
其他推动日圆走强的因素还包括日本持续的经常项目盈余，6月份为123亿美元，日本强劲的出口业拉动了经常项目盈余。
Yet Japan’s current-account surplus remains big because that appreciation has been largely offset by a fall in domestic Japanese wholesale prices, so exporters remain competitive.
然而，日本的经常账户盈余仍然高企，因为货币升值被日本国内批发价格的下跌抵消的差不多了，所以出口仍然具有竞争力。
As a group they are no longer financially dependent on foreigners: together they run a current-account surplus, and thanks to large reserves and reduced debts, are now net foreign creditors.
作为一个整体，他们不再需要依靠国外资本：他们共同经历经常账户盈余，而得益于巨额存款和减债，他们现在是外债的债权国。
Germany, unlike other rich countries, has avoided deindustrialisation, they point out. With a rapidly ageing population, it is also right to accumulate savings by running a current-account surplus.
他们指出德国不同于其他发达国家的是已经避免了去工业化，而其迅速增加的老龄化人口使得通过国际贸易顺差来增加储备也是合理的。
For example, despite a current-account surplus of 4.9% of GDP last year, one of the biggest of any developed economy, Japan's trade-weighted exchange rate sank by 13% from the end of 2002 to mid-2007.
例如，作为最大的发达国家之一的日本，尽管去年其经常项目盈余占到了GDP的4.9%，外贸加权汇率自2002年末至2007年中期，贬值了13%。
If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?
如果他们决定减少经常账户盈余，那么他们是否应该允许名义汇率更快上升，或是经济过热和通胀加速？
Like the us, it, too, has a large imbalance with the rest of the world - namely, an outsize current account surplus.
就像与美国一样，它也与世界其余国家也存在大规模的失衡——即巨额经常账户盈余。
Like the us, it, too, has a large imbalance with the rest of the world - namely, an outsize current account surplus.
就像与美国一样，它也与世界其余国家也存在大规模的失衡——即巨额经常账户盈余。
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