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Deficit in sentence

2808 examples of Deficit in a sentence

Latvia’s government increased taxes during the bust to keep revenues roughly constant as a share of GDP, but a sizeable fiscal deficit emerged nonetheless as social-security expenditure, such as unemployment benefits, soared while demand and output collapsed.
With a V-shaped recovery, however, this expenditure fell again, reducing the deficit rapidly.
So it is not surprising that, despite its large devaluation, Iceland continues to run a high current-account deficit, adding to its already-large foreign debt.
The German government’s anger with Greece reflected the public mood and Chancellor Angela Merkel’s own pressing need to cut the country’s budget deficit by reforming social security, pensions, education, and banking.
As a result, Greece moved from a primary budget deficit (which excludes interest payments on debt) of more than 10% of GDP to a primary balance last year – by far the largest such reversal in post-crisis Europe.
In the United States, according to the Congressional Budget Office, the budget deficit is on course to triple over the next 30 years, from 2.9% of GDP in 2017 to 9.8% in 2047, owing to the effects of tax cuts and other budget-busting measures implemented to appeal to voters (or, equally important, to appease donors).
The swing in Greece’s fiscal position from a large primary deficit to a surplus was almost unprecedented, but the demand that the country achieve a primary surplus of 4.5% of GDP was unconscionable.
Stop the currency manipulation, went the argument, and America’s gaping trade deficit would narrow – providing lasting and meaningful benefits to hard-pressed workers.
The ire that motivated that proposal remains today, with China accounting for 47% of America’s still outsize merchandise trade deficit in 2014.
So it is no coincidence that the US economy has a chronic current-account deficit.
This is where the trade deficit comes into play.
Without fixing its savings problem, restricting trade with a few so-called currency manipulators would simply redistribute the US trade deficit to its other trading partners.
For example, assuming that there is no increase in domestic US saving, penalizing a low-cost producer like China for currency manipulation would most likely cause the Chinese piece of America’s trade deficit to be reallocated to higher-cost producers.
Lacking any semblance of a strategy to boost savings – not just a long-term fix to the federal government’s budget deficit, but also meaningful incentives for personal saving – US politicians have turned to yet another quick fix.
So, over time, fiscal accounts worsen automatically, creating a vicious circle: monetized fiscal deficits lead to inflation and a widening gap in the parallel exchange-rate market which worsens the fiscal deficit.
The EU needs a well-defined energy strategy that helps to overcome the trust deficit that is hampering effective solutions.
At the same time, to the extent that the Commission becomes less a body of technocrats and more a political body, the so-called "democratic deficit" will increasingly become a problem.
Although the event has been presented as an occasion for the two leaders to become personally acquainted, Trump reportedly intends to raise at least three major issues with Xi: America’s massive trade deficit with China, North Korea’s nuclear program, and the territorial disputes between China and US allies in the South China Sea.
Normally, a country’s current-account deficit (trade deficit minus transfers from other countries) is financed with foreign private capital.
The GIPS’ own central banks started to lend newly printed money to their private banks, and this money was then used to finance the current account deficit.
The amount of the ECB’s “replacement lending” is shown by the so-called Target2 account, which measures the deficit or surplus of a country’s financial transactions with other countries.
As the account includes international payments for both trade in goods and financial claims, a deficit in a country’s Target account indicates foreign borrowing via the ECB, whereas a surplus denotes foreign lending via the ECB.
So financing a continued GIPS current-account deficit of about €100 billion a year would consume the entire stock of base money within another six or seven years.
Even though it had to pay interest premiums and was running a current-account deficit, Mario Draghi (the leading contender to take over the ECB this autumn) kept his central bank’s lending under tight control throughout the crisis.
First, deficit reduction must occur in a way that expands investment in science, technology, innovation, and education.
Most eurozone members’ fiscal positions have undergone considerable, though often unnoticed, improvement in recent years – so much so that the eurozone-wide fiscal deficit is now less than 3% of GDP, much better than the US or the UK.
In 2012, the aggregate fiscal deficit in the eurozone is expected to be slightly above 3% of GDP, compared to more than 8% in the US.
In turn, Lula adopted orthodox macroeconomic policies and moved to get the budget deficit under control, breaking the panic.
Greenspan Hypnotizes HimselfOn the eve of the last G-7 meeting in London, US Federal Reserve Chairman Alan Greenspan did a startling about-face by soft-pedaling America’s trade deficit.
“Market pressures …appear poised to stabilize and over the longer run possibly to decrease the US current-account deficit and its attendant financing requirements,” he said.
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