The speech, titled “The Global Saving Glut and the U.S. CurrentAccount Deficit, ” offered a novel explanation for the rapid rise of the U.S. trade deficit in the early 21st century.
The bonanza has the potential to end Australia's long-term currentaccount deficit and push the country's international trade balance into surplus.
蕴藏丰富的矿藏有可能让澳大利亚摆脱长期的经常账赤字,并且推动其在国际贸易中获得盈余。
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The trade has also prolonged global imbalances by making it easier for countries such as America, Britain and Australia to finance their large current-account deficits.