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。

youdao

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。

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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%。

youdao

Despite a long history as a huge exporter of commodities, Indonesia has flipped from having a trade account surplus to a deficit in recent months, and last quarter recorded its biggest ever current-account deficit.

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Worrying about a trade deficit, or a trade surplus, is largely useless.

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IMF's analysis, is not due to shifts in domestic spending, but to changes in the manufacturing trade of these countries: America has had a widening trade deficit over much of that period, Japan a widening surplus.

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