Deficit
in sentence
2808 examples of Deficit in a sentence
The US needs a plan for faster growth, not more
deficit
reduction.
According to the International Monetary Fund, the budget
deficit
is declining, and the primary surplus (net revenues minus interest payments) is growing.
The effect is greater when modest
deficit
and debt levels are exceeded and current-account deficits are large.
Chinese negotiators are more circumspect, resisting numerical
deficit
targets but committing to the joint objective of “effective measures to substantially reduce” the bilateral imbalance with the US.
Without addressing the shortfall in domestic saving, the bilateral fix simply moves the
deficit
from one economy to others.
The US is running an $800 billion annual trade
deficit
in traditional goods and services.
India’s growth during the past decade had much to do with loose macroeconomic policies and a deteriorating current account – which recorded a
deficit
of more than 5% of GDP in 2012, having been in surplus in the early 2000’s.
Rwanda’s current account has deteriorated steadily, with the
deficit
now exceeding 10% of GDP.
In 2009, the Greek budget
deficit
was 15% of GDP; with an IMF program, the
deficit
fell in 2010, but only to 11% of GDP.
Many European countries heeded the call; but, rather than stimulating economic growth,
deficit
spending jeopardized several countries’ financial stability.
Yet, despite these headwinds, the merchandise trade
deficit
fell by a quarter between 1931 and 1932.
The trade
deficit
with the dollar area, made up of the US and other countries that used its currency to settle international payments, contracted sharply.
The current account of the balance of payments swung from
deficit
in 1949 to surplus in 1950, and GDP rose strongly.
Rather than describing current government spending as “austere,” it would be more correct to view it as an end to years of fiscal profligacy, culminating in 2013, when the government’s budget
deficit
reached 12.3% of GDP and public debt climbed to 175% of GDP.
The need to finance the external
deficit
and to avoid excessive depreciation (and even higher inflation) calls for raising policy rates or keeping them on hold at high levels.
The Weak Dollar's Impossible StrengthOnce upon a time, until 1997, America's current account
deficit
was relatively small--just 1% of GDP.
Since then, the
deficit
has widened dramatically, to 2.7% of GDP in 1999, 3.5% in 2001, and an estimated 4.7% this year.
Expect more of the same in 2004, when the current account
deficit
should reach 5.1% of GDP, despite forecasts that the US economy will grow significantly faster than most of its trading partners.
How long will the rest of the world continue to finance America's external
deficit?
Clearly, America's current account
deficit
is unsustainable.
I used to think that the US current account
deficit
would stop when the rest of the world "balanced up"--when Japan recovered from its decade-long stagnation, and when Western Europe restructured its economy, boosting aggregate demand and reducing its unemployment rate to some reasonable level.
The other way the current account
deficit
could come to an end is if the inflow of capital into America stops.
Investors outside the US can see the magnitude of the trade deficit, calculate the likely decline in the dollar required to eliminate it, and recognize that the interest rate and equity return differentials from investing in the US are insufficient to compensate for the risk that next month will be when capital inflows into America start to fall.
The term “supply side” is intended to distinguish these new policies from the traditional demand-side measures of easy money and a slightly larger fiscal
deficit
that are already aimed at strengthening economic activity.
Reckless populist promises left a gaping 16%-of-GDP budget
deficit.
Fortunately, we managed to avoid economic collapse, thanks to support from the International Monetary Fund, while reducing the
deficit
by half.
The US must move to reduce its budget
deficit
in the medium-term.
Indeed, given a very low savings rate and high fiscal
deficit
over the past few decades, the US might otherwise have faced economic disaster.
While China runs a trade
deficit
in services overall, it has lately been running a trade surplus in digital services of up to $15 billion per year.
If domestic spending simply stays constant as a fraction of national income, the cumulative budget outcome for the next ten years will be a combined
deficit
of $1.5 trillion.
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