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Deficit in sentence

2808 examples of Deficit in a sentence

The US faces two distinct fiscal challenges: the tax increases and spending cuts that threaten to derail the economy in 2013; and a long-term structural deficit that is likely to mean higher interest rates, less investment, and slower growth once the economy has recovered and the output gap has disappeared.
Unlike the fiscal cliff, the structural deficit problem is not imminent: contrary to deficit hawks’ dire warnings, the US does not face a time-sensitive debt crisis.
Indeed, as Fed Chairman Ben Bernanke recently observed, preventing a severe fiscal contraction in 2013 will boost growth, reduce the near-term deficit, and help to solve the long-term debt problem.
The lesson for Europe is clear: the EU should redefine its Stability Pact in terms of the structural or full employment deficit--what the fiscal deficit would be if the economy were performing at full employment.
US Democrats argued that if America faced an economic downturn, the government needed the flexibility to run a deficit.
The trigger for America’s turn to economic nationalism is its widening trade deficit – $566 billion in 2017, and growing – as the US economy recovers.
A current-account deficit means that a country is importing more than it is exporting.
The US will incur high costs and might end up without a substantially lower trade deficit or other meaningful benefits.
Under this plan, policymakers would establish a ceiling for the trade deficit each year and impose limits on trading partners’ surpluses.
In the US case, this ceiling would largely affect China, Mexico, Japan, and Germany, which contributed $375 billion, $71 billion, $69 billion, and $64 billion, respectively, to the overall trade deficit in 2017.
The Keynesians believe that without a large fiscal stimulus – a deliberate temporary increase of the deficit – the European and US economies will remain stuck in recession for years to come.
Moreover, their exports grew more slowly than total exports, their imports grew more quickly than total imports, and the multinational sector as a whole moved from a net trade surplus in 1999 to a net trade deficit in 2009.
But the dysfunctional US Senate capped additional deficit spending at $600 billion over three years – only half of the $1.2 trillion that was the technocratic goal.
They are also now suffering from water shortages and a budget deficit that has been exacerbated by declining oil revenues.
Ordinarily, a longer-term and bipartisan deal would be good news; but the deal was estimated to guarantee a staggering $1 trillion annual budget deficit.
Congressional Democrats and Republicans were able to agree by giving each side essentially what it wanted in new spending – without budget cuts or tax increases to offset the impact on the deficit.
The gap is already wide – the International Monetary Fund forecasts a $484 billion deficit this year for the US, versus a $262 billion surplus for the eurozone – and is almost certain to widen much further, owing to the euro's 20% depreciation since the IMF released its estimate last autumn.
Since China’s external surplus is already down to less than 2% of GDP, a decline in domestic saving could result in China beginning to run a current-account deficit.
The tradable side could make up some of the deficit, but it is not large enough to compensate fully.
Among other high-growth countries, Vietnam’s current account is essentially balanced, and India has only a small deficit.
Japanese governments have tried to overcome the slump with Hansen’s recipes, issuing one Keynesian program of deficit spending after the other and pushing the debt-to-GDP ratio from 64% in 1991 to 171% in 2008.
France, by contrast, has a small current-account deficit.
Congress has pared $100 billion from the Bush administration's 10-year $726 billion tax cut plan, and the US's projected 10-year $2 trillion budget deficit will grow as the Iraq war's costs mount, with President Bush submitting a supplemental request for $80bn (0.8% of GDP) in extra military spending this year.
Although China's official growth rate reached 8% in 2002, its high budget deficit and large stock of non-performing loans (about 40% of GDP) mean that it cannot afford any slowdown if it is to keep people employed, especially in rural areas.
Last year, the total fiscal deficit exceeded 10% of GDP.
Brazil may be the only country in the world where higher short-term interest rates can increase inflation, because they add to the fiscal deficit and to debt accumulation, in turn igniting fears of future monetization.
Every time investment picks up, the current-account deficit grows too large for comfort.
Cutting public spending, it turned out, was not the same as cutting the deficit, because it cut the economy at the same time.
Some economists claim that governments faced a balance of risk in 2010: Cutting the deficit might have slowed growth; but not committing to cut it might have made things even worse.
If public opinion believed that cutting the deficit was the right thing to do, then allowing the deficit to grow would annul any of its hoped-for stimulatory effect.
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