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Adjustment in sentence

880 examples of Adjustment in a sentence

This would require, for instance, stimulating growth in Europe, Asia, and the major oil exporters in order to offset the contractionary effect on the world economy of adjustment in the US, which should include more restrictive fiscal policies, less private consumption, and higher domestic savings to reduce its external deficit.
This is not just a matter of revaluing the Chinese currency, as argued by some US policymakers, but requires gradual adjustment of most major currencies against the dollar in conjunction with concerted fiscal and monetary policy adjustments in the rest of the world.
If foreign debt matters more than public debt, the key variable requiring adjustment is the external deficit, not the fiscal deficit.
But austerity can never be self-defeating for the external adjustment.
Additional fiscal leeway was needed to smooth the economy’s adjustment to the bold labor-market reforms that he was introducing.
Bailouts from the European Stability Mechanism represent the clearest example of this, with the fiscal compact now committing signatories to tight deficit targets and structural adjustment.
Even during that adjustment, there is no reason why relations with European partners should suffer in any fundamental sense.
On the contrary, the sustainable prosperity that would result from that adjustment would create a much healthier long-term foundation for continuing the quest for an “ever closer union” in Europe.
Moreover, the countries on Europe’s periphery remain in difficulty, as doubts about the sustainability of adjustment programs have resurfaced.
A key priority for advanced economies is to continue the process of fiscal adjustment that most of them initiated this year.
Thus, the tools used to carry out fiscal adjustment should boost economic efficiency, or at least not damage it.
What can be done to achieve a more symmetric adjustment between Europe’s creditors and debtors?
First, though the German economy and its surplus loom large in the context of Europe, an adjustment by Germany alone would benefit the eurozone periphery rather little.
Second, in the global context, adjustment by Germany alone would benefit many countries only a little, while other surplus countries would benefit disproportionally.
Adjustment by all northern European countries would have double the impact of any expansion of demand by Germany alone, owing to the high degree of integration among the “Teutonic” countries.
Indeed, the current economic rebound is not an achievement worthy of much celebration, especially if it comes at the expense of further reform and structural adjustment.
The next five years hold the key for China’s future; its window of opportunity to complete a difficult process of reform and adjustment may not be longer than that.
Neoclassical economists predicted that this would not happen, because people would find other jobs, albeit possibly after a long period of painful adjustment.
Of course, some increase in unemployment as a result of more rapid technological change is certainly likely, especially in places like Europe, where a plethora of rigidities inhibit smooth adjustment.
The US economy is relatively flexible, and this kind of structural adjustment in the private sector occurs reasonably quickly.
The speed of structural adjustment is also strongly influenced by how easily employment can shift from an economy’s non-tradable to its tradable side and across segments of global supply chains.
But China presents an entirely different challenge, one for which adjustment will take much longer.
During much of the 1980s and 1990s, the Bank oversaw structural adjustment programs in developing countries that focused on deregulation, privatization, and economic liberalization, especially trade opening, all of which helped to enable globalization.
Accordingly, interest rates should be used more actively to cushion the adjustment, given that bailouts are unaffordable and default is undesirable.
In fact, even as China’s economy has boomed over the past decade, structural adjustment in its domestic sectors slowed, mainly owing to political constraints.
What is needed is not just a politically tolerable adjustment to existing policies, but rather root-and-branch reform that emphasizes real results.
If both the old and new sectors of an economy are in a slump, capital formation will sputter, investment in upgrading human capital will decline, and structural adjustment will stall.
It is worrying that European leaders find it so difficult to agree on fiscal adjustment policies that make room for the stimulus measures needed to revive economic growth.
Therefore, all countries, both developed and developing, need to do their part, with rich countries helping poor countries cover the financial costs of adjustment.
In any scenario, most of the burden of adjustment will fall on Greece.
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