spare capacity

But the Bank of England believes that inflation will then subside as spare capacity opened up in the recession bears down on prices.

OPEC works because Saudi Arabia is prepared to invest in, and carry the opportunity cost of, spare capacity .

But the Bank of England remains convinced that inflation will retreat later this year as spare capacity bears down on prices.

So policymakers do not have a good sense of how much spare capacity will open up.

But it isn't clear just how much spare capacity they have.

Nobody knows exactly how much so-called spare capacity there really is around the globe.

The Bank of England may have lost some credibility of late, but it has not lost the argument about spare capacity.

An oil shock could even leave the economy with a smaller margin of spare capacity if it harms output more than spending.

That risk is of rising inflationary pressures as the world economy runs out of spare capacity and productivity growth slows down.

The euro zone has a reasonable amount of spare capacity, which could allow it to grow above trend for a few years.

Mr Joerres said private sector job creation had been slow in the US because many companies retained some spare capacity during the downturn.

In a pinch, OPEC can start up some of its six million barrels a day of spare capacity if supplies run tight.

But Saudi spare capacity is not what it was: enough to make up for the loss of Libya, but not the loss of Libya and Algeria combined.

Even without a disruption to supply, prices are under pressure from a second source: the gradual dwindling of spare capacity.

But demand now is much higher, so spare capacity as a proportion of that demand is much lower (see chart 1).

The only country with significant spare capacity, Saudi Arabia will now raise output unilaterally.

And Saudi Arabia, the only country with much spare capacity, has promised to ensure that the world has adequate supplies.

If there is enough spare capacity on the total managed system, it will boot up with the Desired -- not the minimum.

Even if much of this disappeared suddenly, there is probably enough spare capacity around the world to compensate.

Since plants still have so much spare capacity, managers see little justification for capital spending.

As a result, any margin of spare capacity that opened up in the preceding slowdown is being eroded.

because spikes in demand must be met, firms run with costly spare capacity much of the time.

It is the only producer with significant spare capacity that could quickly be released if the oil price rose too high.

Inflation is not about to spiral upwards but with diminishing spare capacity, it could edge up.

The maximum point of deflation has already passed , as this occurred while there was spare capacity in raw material output world wide .

If the canal shuts down, the pipeline has the spare capacity to take much of the displaced crude northward.

The fact that inflation has been slightly surprising on the upside reinforces the view that spare capacity has been declining.

Firms' spare capacity also means that investment will continue to fall, while rising unemployment threatens to dent consumer spending.

Factories continue to carry spare capacity, and homes and office buildings remain vacant.

Even so premiums barely rose, perhaps because there was too much spare capacity in the reinsurance industry.

Big emerging economies are in the best shape, with strong growth in domestic demand and scant spare capacity.

These enable them to remain abreast of problems in various locations, using spare capacity from plants elsewhere to provide extra parts.

The seemingly ample cushion of inventories and spare capacity will quickly be exhausted, sending prices soaring.

Their economies have little spare capacity and no reason to keep monetary or fiscal policy at emergency settings.

It would also mean delving into Saudi Arabia's already thin spare capacity, which has been another goad for upward prices.

But the oil price is influenced by the industry's spare capacity as well as its total supply.

Wittner said that utilization rates would remain low next year and that the spare capacity would keep pressure on margins.

Chinese producers, left with spare capacity, would then be tempted to export into an already well supplied world.

meaning that spare capacity has to be built in to provide for summer peaks in power demand.

It also helps to operate with spare capacity so that you can transfer people during the initial stages.

Both agencies define spare capacity as the amount of extra supply that could be turned on within 30 days and kept on for 90 days.

Meanwhile, OPEC has in excess of 6 million barrels a day of spare capacity, the organization's secretary general said last month.

It is also enough to eat into spare capacity, since output is growing faster than potential supply.

Rising demand has eaten into the spare capacity available to make up any shortfalls.

But rising unemployment and spare capacity suggest that workers who want higher wages will be hard pressed to win them.

Spare capacity has been used up. Where it can, foreign capital is pouring in.

But OPEC is split into two camps, those with spare capacity (of which Saudi Arabia controls 70%) and those that cannot pump any more oil.

The expansions should for the first time give Shenzhen ports spare capacity to pursue international trans-shipment work.

Riyadh can still be relied on to use its spare capacity to keep prices under control.

We have substantial spare capacity to make sure. . . oil supply goes forward.

That could leave factories supplying China's high-speed network with spare capacity.

Some help people sell their spare capacity in everything from parking spaces to energy.

If disturbances hit Algeria and threaten its oil industry too, the buffer of spare capacity would fall below where it stood in 2008.

Along with much of the rest of the world, China will be entering a period of spare capacity in the coming years.

When freak weather strikes, they have little spare capacity to replace cancelled flights.

The first subsequent network device with spare capacity will then terminate the new TCP flow.

It argues that today, too, the amount of spare capacity is exaggerated.

At the same time, there is spare capacity in the school cases, in their spare time to carry out a number of social practice activities.

However, there is much less spare capacity to respond today, particularly with cotton and wheat competing for acres.

After spare capacity shrivelled and prices surged from 2005 to 2008, oil ministers acknowledged their powerlessness to stem price rises.

Most analysts, traders and bankers doubt it, as there is a lot of spare capacity and inventories are, in general, ample.

The world's demand for oil has been growing faster than supply in recent years, leaving little spare capacity.

Allows optimum use of spare capacity for multiple computer centres, making it more efficient.

Even though we have growth in the economy, there is still spare capacity that is putting downward pressure on inflation.

This seems the most likely outcome in view of the massive spare capacity in the world economy.

At the same time, many of our agencies at any particular moment will have spare capacity.

The EIA estimated spare capacity in November at 5. 6% of global production.

The spare capacity raised a new issue for us.

Such problems can be avoided if a proper charge is made for the use of spare capacity.

Will this spare capacity cap a rally in oil prices in 2010?

There is spare capacity in the economy and no sign that a wage-price spiral is taking hold.

OPEC spare capacity is very high right now.

There are still 4m barrels a day of spare capacity.

Our plants have spare capacity and we can easily increase production if necessary.

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