For example, the non-oil trade deficit has declined modestly, from 3.7 percent of U.S. GDP in 2004 to 3.5 percent of GDP in 2006. In addition, in 2006, net exports made a positive contribution to U.S. real GDP growth, the first year that had happened since 1995. Net exports also contributed to U.S. growth in the first half of 2007.
Second, we want to ensure that the financial buffers built up by CCPs in good times are highly robust, thereby reducing the need to take sudden and abrupt measures in more stressed situations.