Sentence Translation - Business

Question

What do these sentences mean?

"Si se suma el saldo de la balanza de capital (que incluye las transferencias de la UE para acometer inversiones), la capacidad de financiación de la economía española ronda los 14.700 millones, un 1,4% del PIB."

"El paso de un déficit exterior de 105.000 millones a un superávit de poco más de 7.000 millones debe tanto a los efectos negativos de la crisis como al impulso exportador de las empresas españolas o la pujanza del turismo."

specifically does anyone know what "la capacidad de financiación de la economía española" means in an economic context, i know it is a long shot. Also what is the translation of 'debe tanto a'. - Geagan, Apr 3, 2014

The second sentence doesn't make sense to me because a change from deficit to surplus would mean there has been a positive effect on exports/tourism rather than negative, no? - Geagan, Apr 3, 2014

Answer 1

If you add the total of the capital balance(which includes European Union's transfers to make investments). The capacity of financing of the Spaniard economy is around 14.700 millions, an equivalent of 1.4% of the GDP.

The change from an external deficit of 105.000 millions to a surplus of a little over 7.000 millions is due to the negative effects of the crisis as well as the exporting boost of the Spaniard companies or the strength of tourism.

plain text: to lend money to finance the economy of spain, you need 14.700 millions, a number that equals the 1.4% of the annual production (GDP) of a country. However, it does not say which country. Is it Spain?

Second paragraph: I supposed the balance of commerce was not in favor of Spain before, but now they are exporting more than 7.000 millions than what they are importing and the causes of this could be that other countries are producing less and exporting less to Spain, Spaniards are buying less foreign goods, Spaniard companies are more efficient to export, the Spaniard goods are more affordable, or more people are coming to visit Spain and are spending more money. Well, who knows. I am not an economist.

These sentences are extracted from this article I am working with, http://economia.elpais.com/economia/2014/02/28/actualidad/1393586690_400800.html. ^ Thank you both for your responses. - Geagan, Apr 3, 2014

Now it makes more sense to me. I have taken Micro and Macro economics so I know the content of the article. - juanmelgar, Apr 4, 2014

Answer 2

Here is a rough translation (by "rough" I mean you can get the general idea).

If we add the balance of the balance of capital (which includes the transfers from the EU to undertake investments), financing of the Spanish economy capacity round the 14,700 million, 1.4% of the GDP.

The passage of an external deficit of 105 billion to a surplus of little more than 7 billion due to both the negative effects of the crisis as the exporter impulse of the Spanish companies or the strength of the tourism.

I have no idea what it is talking about.

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