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Page "Economy of Grenada" ¶ 9
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current and account
There must be a restriction in the deed to provide that the customer may not be charged more than the current market price for the oil, an obvious precaution, since the account is permanently wedded, just like with gas or electricity.
* DCMS to take full account of the eventual findings of the current Commons Select Committee enquiry into Care of Collections in the final version of this document
A sizable current account deficit and high unemployment rate remain the two most serious economic problems.
This is to be contrasted with enormous current account deficits.
It generates about 90 % of export revenues, making the country particularly vulnerable to terms of trade shocks: the current account deficit in 2007 ran at 15 % of GDP.
One historian, Charlotte Behr, thinks that the Historia's account of the arrival of the Germanic invaders in Kent should not be considered to relate what actually happened, but rather relates myths that were current in Kent during Bede's time.
The balance of trade forms part of the current account, which includes other transactions such as income from the international investment position as well as international aid.
If the current account is in surplus, the country's net international asset position increases correspondingly.
This deficit exists as it is matched by investment coming in to the United States-purely by the definition of the balance of payments, any current account deficit that exists is matched by an inflow of foreign investment.
Also of note, many economists calculate trade deficits and / or current account deficits as a percentage of GDP.
* List of countries by current account balance
The current account and fiscal deficits widened, and foreign debt grew.
Growth in real GDP averaged 8 % from 1991 – 1997, but fell to half that level in 1998 because of tight monetary policies ( implemented to keep the current account deficit in check ) and because of lower export earnings, the latter which was a product of the Asian financial crisis.
See Hicks ' account of it referenced above for details, or for an alternate and more current explanation, Cristobal Kay's " Why East Asia Overtook Latin America: Agrarian Reform, Industrialization, and Development.
These types of claims are increasing and Italian courts have recently allowed them against banks that continue to apply compound interest on retail clients ’ current account overdrafts.
As a result, Djibouti's current account balance has been in deficit.
There is very limited information for Djibouti ’ s current account ; the country ’ s merchandise trade deficit was estimated at US $ 737 million in 2004.
In addition, it is argued that the current approach based on exceeding a threshold of symptoms does not adequately take into account the context in which a person is living, and to what extent there is internal disorder of an individual versus a psychological response to adverse situations.
The financial rand system provided for two exchange rates for the rand, one for current account transactions, and one for capital account transactions for non-residents.
In 2011, IMF estimated current account balance of Georgia was-1. 489 BN USD.
Grenada's current account balance has remained in large deficit due to its heavy dependence on import of most consumer goods and domestic investment.
Following an average deficit of around 44 percent of GDP from 1997 to 2000, the current account deficit has increased to over 35 percent of GDP since 2001 due to higher import demand combined with lower receipts from tourism and nutmeg exports.
The current account deficit, however, continues to rise, from US $ 264 million in 1992 to an estimated US $ 370 million deficit in 1993.

current and deficits
With regard to the budget, both the current and overall deficits were lower than originally targeted.
Major international credit rating organizations have dropped Colombian sovereign debt below investment grade, primarily as a result of large fiscal deficits, which current policies are seeking to close.
The external debt burden, one of the highest in Europe, reached 250 % of annual export earnings, while the budget and current account deficits approached 10 % of GDP.
This undervaluation was reflected in the current account balance, which had risen from the deficits of the early 1960s to a then-large surplus of US $ 5. 8 billion in 1971.
From 2006 onwards, the economy faced problems of growing inflation and current account deficits.
The continuing debate over supply-side policies tends to focus on the massive federal and current account deficits, increased income inequality and its failure to promote growth.
At the time of the mid-1990s, Thailand, Indonesia and South Korea had large private current account deficits and the maintenance of fixed exchange rates encouraged external borrowing and led to excessive exposure to foreign exchange risk in both the financial and corporate sectors.
In general there is concern over deficits in the current account.
Countries with deficits in their current accounts will build up increasing debt and / or see increased foreign ownership of their assets.
Vast fiscal and current account deficits generated by previous governments forced Soares to adopt a strict austerity policy, which made him deeply unpopular.
However, large and sudden inflows of capital with short term investment horizon have negative macroeconomic effects, including rapid monetary expansion, inflationary pressures, real exchange rate appreciation and widening current account deficits.
# Chronic current account balance deficits, re-exported profits of foreign investments, and deficient business cycles at the periphery that provide important markets for the centers during world economic upswings
Jeffrey Katzenberg, current chairman of the MPTF Foundation Board, said the fund realized they had no choice but to close the facility, stating " the acute-care hospital and long-term-care facility are generating operating deficits that could bankrupt MPTF in a very few years.
The effect of simultaneous record increases in spending and tax reductions was to create record budget deficits in absolute terms, though as recently as 1993, the deficit was slightly larger than the current 3. 6 % of the GDP.
He advocated raising property taxes to offset spending deficits that had climbed to $ 42, 000 by 1839, but the legislature borrowed money to meet the current expenses instead.
It has been proposed as a better guide to the sustainability of a fiscal policy than budget deficits, which reflect only taxes minus spending in the current year.
However, the subsequent government policy of Fabian socialism hampered the benefits of the economy, leading to high fiscal deficits and a worsening current account.
The influx of imported machines and supplies helped the modernization of the country's industrial base ; but it negatively impacted its trade balance, which accumulated US $ 22 billion in deficits from 1992 to 1999 ; the current account deficit, which would include growing foreign debt interest payments and deficits in trade in services, reached a record deficit of US $ 14 billion in 1998 alone.
* chronic current account balance deficits

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