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Deficit in sentence

2808 examples of Deficit in a sentence

But just two months earlier, in Frankfurt, Mr. Greenspan had cautioned that the US deficit could not go on forever without the dollar depreciating.
The expected December trade deficit is $57 billion—an improvement on the record $60.3 billion gap in November.
How would it look if he had openly expressed misgivings about Bush’s plan to cut the budget deficit in half by 2009 just days before it was made public?
Similarly, although social welfare spending is lower in the US than in the Nordic countries, its budget deficit as a share of national income is much larger.
In view of these systemic weaknesses, China’s ability to overcome its labor deficit by shifting to an innovation- and productivity-driven economy remains dubious.
Originally a concept created by economists for economists, its use for determining when, and by how much, a public deficit must be corrected is becoming a matter for wider discussion.
The European Union has an additional problem: in response to the sovereign crisis, most of its members agreed in 2011 to a “fiscal compact” requiring them to keep their structural budget deficit – the one they would record were output equal to potential – below 0.5% of GDP.
Thus, a deficit is acceptable when it results from abnormally low tax revenues, but not when revenues are at their normal level.
Even a downward revision by 0.2% of GDP is meaningful: it implies a deterioration of the structural deficit by about 0.1% of GDP – not a trivial number in a fiscally constrained environment.
Yet volatility in the assessment of potential growth prevents politicians from “owning” the already abstruse structural deficit and causes volatility in the policies based on this assessment, paradoxically resulting in a shortening of decision-makers’ time horizon.
That will prolong excessive government spending, and deficit targets will not be met on a sustained basis.
Large reductions in public-sector wages brought down the primary deficit, but employment maintenance lowers productivity, raises costs, and delays adjustment.
Owing to the inverse relationship between oil prices and the dollar, the weaker dollar increases oil prices, which increases the trade deficit further, putting more downward pressure on the dollar.
The deficit, she rightly said, was “a symptom of economic difficulties, not just the cause of them.”
Stiglitz levels a not-so-subtle attack on Summers for failing to insist on a larger fiscal deficit when he ran the National Economic Council under the Obama presidency.
Overall, a radical Trump would significantly increase the US budget deficit.
Optimists point out that the country is supposed to eliminate its primary deficit (the budget balance minus interest payments) by 2013, which implies that it could pay its non debt-related bills with its own resources after a default.
Greece posted a current-account deficit of nearly 10% of GDP in 2011, despite the domestic depression.
In an effort to minimize the budget deficit, the authorities have proposed new tax measures, including new rules on capital gains and the reenactment of a tax on financial transactions.
The United States' current-account deficit reached 5.7% of GDP in the second quarter of 2004.
As the US current-account deficit rose over the past half-decade, international economists have lined up to predict doom: returns on assets invested in the US are relatively low, so at some point - probably all at once - holders of dollar-denominated securities will realize that the risk of suffering a major crash in value is not being adequately compensated.
The first historical rule of thumb is 10% on the dollar for each percent of GDP's worth of unsustainable current-account deficit.
Beyond deficit reduction, we need to implement a €120 billion ($155 billion) European investment plan, and deepen the European Single Market to unleash its growth potential.
The prevailing view when the euro was established was that all that was required was fiscal discipline – no country’s fiscal deficit or public debt, relative to GDP, should be too large.
In that case, it seems curious that, as the crisis continues, the safe haven for global investors is the United States, which has had an enormous current-account deficit for years.
In fact, with Trump seeking to use bilateral deals to secure reductions in America’s trade deficit, the possibility that the US will leave the WTO altogether – a nightmare scenario for the EU, which advocates shared norms over force – cannot be excluded.
The US trade deficit has declined from $60 billion a month to just $26 billion, according to the most recent data.
The only reason the US trade deficit is falling is that the country remains in a severe recession, causing US imports and exports to collapse in parallel.
With recovery, both may recover to previous levels, and the 6%-of-GDP US external deficit will be back.
The other is for the Obama administration and the Fed to provide details about how they will eliminate the budget deficit and avoid inflation once the recession ends.
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