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Deficit in sentence

2808 examples of Deficit in a sentence

Moreover, a change in China’s exchange rate would do little to alter the multilateral trade deficit in the US.
With the US trade deficit the major global imbalance, attention should focus on how to increase its national savings – a question that US governments have struggled with for decades, and one that was frequently debated when I was chair of President Clinton’s Council of Economic Advisers.
We found only one solution: reduce the fiscal deficit.
Furthermore, the study shows that relying on assumptions that are more in sync with the consensus economic outlook implies a deficit of 1.7-4% of GDP by 2027, with debt at 72-83% of GDP.
But, even giving the administration the benefit of the doubt and accepting the possibility of sustained 3% GDP growth for the US, another set of critical assumptions drive the rosy deficit and debt projections produced by the Office of Management and Budget (OMB): the expected level and path of interest rates.
In the budget process, the finance ministry estimates revenues, targets a certain fiscal deficit, and deduces the overall spending level consistent with these numbers.
The US budget has gone from a surplus of 1.4% of GDP in 2000 to a forecast deficit of 4.6% in 2003, a 6% swing--of which about 5% is due to changes in policy rather than the weak economy.
The budget for the Euro area has gone from a surplus of 0.1% in 2000 to a forecast deficit of 2.4% for 2003, nearly all of it due to the weak economy, not to changes in fiscal policy.
The depreciation is the price America must pay for past sins--i.e., a huge current account deficit that foreign investors are no longer willing to finance, at least not at the size of 4% or more of US GDP.
It will take more than what we have seen so far to return the US current account deficit to reasonable proportions.
The long-run deficit, health-care financing, and global warming, no less than securing retirement income and enabling educational opportunity, were issues on which bipartisan progress and agreement should have been easily attained.
Figures like Senators Pete Domenici and Alan Simpson, who talked a good game about the long-run deficit, never met a budget-busting Republican program that they would oppose or a deficit-reducing Democratic initiative that they could support.
That deficit, which threatens the futures of these kids and their societies, can now be closed at low cost.
Unfortunately, Europe's hands are partially tied by a central bank that focuses on capping inflation, and a Stability Pact that, as customarily interpreted, limits the use of deficit spending as an economic stimulus.
With Turkey’s external deficit equivalent to 6% of GDP, the authorities have adopted a macro-prudential framework that combines policies to reduce exchange-rate volatility in the very short term with measures to increase domestic savings and promote the real sector’s international competitiveness in the long run.
Meanwhile, faced with a large federal budget deficit, many American voters would welcome reduced spending on nuclear weapons.
The United States wins first prize with a trade deficit of more than $650 billion in the most recent 12 months.
The broader current-account indicator (which includes trade in services and net investment income) confirms America’s leading role: its external deficit is nearly $500 billion.
No other country has more than a $100 billion current-account deficit.
The three countries with larger deficit-to-GDP ratios have a combined deficit of less than $70 billion – not enough to warrant the G-20’s attention.
Every student of economics knows that a country’s current-account deficit is the difference between its national investment (in business equipment, structures, and inventories) and its national saving (by households, businesses, and government).
The US has an enormous current-account deficit because the federal government’s dissaving (i.e., the fiscal deficit) drags down America’s overall national saving.
The US must raise its national saving rate by shrinking its budget deficit, which currently stands at nearly 10% of GDP.
When President Barack Obama attends the G-20’s summit of heads of state in Cannes in November, he will no doubt agree to further reductions in the US budget deficit.
The same is likely to happen over the next few years as the US reduces its fiscal deficit and thereby shrinks its current-account deficit while China reduces its national saving and thereby shrinks its current-account surplus.
Fed Chair Janet Yellen insists that years of near-zero interest rates and quantitative easing were not intended to make it easier for the US government to fund its deficit.
The EU does have a bilateral trade deficit with China, but it also exports a lot to the Chinese market – much more than the US does.
The increase in the deficit is the sum of these “automatic stabilizers” and discretionary programs.
The automatic increase in the deficit has also been largest in the US, modest in the UK and Germany, and smaller in Japan, India, Canada, China, France, and Italy.
But even that spike was dwarfed by the increase in mentions and corresponding worries about the dollar starting in 2001, reflecting the shock of the terrorist attacks that September, the mushrooming growth of the US trade deficit, and then the global financial crisis of 2008.
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