The trade deficit is a term used to denote the situation when the number of imports of a country is greater than its export. Usually, the trade deficit is seen as an unhealthy indicator for the economy. Various areas of the economy are impacted due to trade deficits. It is not just about borrowing a large number of goods and services from other countries but its impact is crucial on trade, foreign reserves, currency value, etc of a country. Mostly, countries seek to sell more instead of purchasing more from other economies to save foreign reserves that matter a lot to the economy. The various impacts of trade deficits are:
- When a greater amount of goods and services are imported on an international scale, foreign reserves move out of the economy which is, obviously, not good for the economy.
- It is important for the economy to sell more and more. It shows that the economy of the country has more surpluses of goods and services; that means the economy is doing well.
- Trade deficits force countries to seek for debt in order to service the trade payments with other countries. Debt rises.
- Trade deficits gradually decrease the ability of a country to stay competitive in the international market and the country becomes more dependent on other economies.
RELATED ARTICLES
Latest News & Updates
- Automaker Industry: Facing Threat September 16, 2019
- The Role of Outdoor industry in US Economy September 15, 2019
- TRUMP DELAYS THE HIKES ON CHINESE September 12, 2019
- Starbucks: Going to Boost Employee’s Morale September 9, 2019
- McDonald and GrubHub together to Serve Americans September 7, 2019
- Tim Hortons: The Leading Brand of Canada not of US September 5, 2019
Standard Chartered: Massive Profit Rise in 3rd Quarter
Contact & Info
Categories
Our Story
ACE Money Transfer is a UK based Company and has been operating in the North West of England since 2002. Our head office was the starting point of the UK success story when we commenced business with retail clients and two business associates but after obtaining our Authorized Payment Institution (API) from Financial Services Authority (FSA) our company is now set to become a global name specializing payment services
Over the past 10 years, by keeping in mind basic necessities of people, understanding that they belong to different cultures and respect their values & norms, finally ACE decided to channelize our network into new dimension by giving opportunities to all communities to send their hard earn money back to their home. We have made this possible through our expanded network of agents, correspondents, partner banks, established branches in Europe, and MTOs (Money Transfer Operators) across the UK, Europe, Africa and Asia in more than 70 countries worldwide to entertain our 2 Million Customers around the globe to send & receive their payments through 200,000 locations that help us to build our credibility and retain customers trust on ACE Money Transfer.
The company success stems from the expertise and market knowledge of its senior management and this will ensure that the company is well positioned to make a positive impact to the market and will be able to sets itself apart from other remittance providers.
Recent Posts
- The Prospect of the Remittance Industry December 4, 2019
- Future belongs to Secure and Digital Money Transfer Services December 4, 2019
- Value Added Services in Digital Remittance December 4, 2019
- Is Digital Remittance the Ultimate Future? December 4, 2019
- How to Assess Your Online Money Transfer Options? December 4, 2019
- Glimpse of The Event Held at ACE Money Transfer Pakistan Office November 22, 2019
- Send Money through ACE Money Transfer Mobile Application November 6, 2019
- ACE MONEY TRANSFER BANGLADESH November 6, 2019