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Meanwhile its current account surplus has dropped dramatically, from 10.1% of GDP in 2007 to 2.1% last year.
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Perhaps more troubling for an export-driven economy, the central bank reported last week that the current accounts surplus had dropped by more than 50percentt last year, to less than $12 billion.
General Electric Friday said the surplus at its employee pension plans has dropped to $5 billion from previous levels of $14 billion, after being battered by stock market declines.
A strawberry surplus generated by erratic weather in California and Florida has dropped prices, so pint containers that usually go for up to $5 can be found for as little as $1 at some street-corner fruit stands in the city.
Already the winery's electricity bill has dropped to zero, as the system has produced a surplus of power.
[C4.] THE VACANCY RATE of office space in Midtown Manhattan has dropped to 10percentthethe level often considered the dividing point between a surplus of available space and a shortage.
"In the last four years California has created over a million new jobs, unemployment has dropped to its lowest level since 2008, massive deficits are now solid surpluses, our credit rating is rising and our job growth is outpacing the nation".
Thanks to the economic downturn, demand for power has dropped, and Europe's power companies can see that they are holding a surplus of allowances.
As a result, Germany's real exchange rate has dropped by 10% since 1999 and its current-account has moved from a deficit of 2% of GDP to a surplus of 6% last year.
Canada's unemployment rate has dropped to 6.8percentt, its growth rate has increased to about 4percentt, inflation is at 2.7percentt, and a deep budget deficit has been turned into a surplus.
Her jaw has dropped.
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