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Deficit in sentence

2808 examples of Deficit in a sentence

Europeans trace their malaise to a democratic deficit in the European Union.
Its exchange-rate regime, which pegs the Renminbi to the US dollar, was blamed for the mounting US trade deficit.
Never mind that America's bilateral trade deficit with China, even including Hong Kong, accounts for less than one-fifth of the total US deficit: growing imports from China and more direct investment by US companies supposedly fueled US unemployment.
Indeed, protectionism can do nothing to reduce America's trade deficit and stanch domestic unemployment.
During the PO government’s eight years in power, Poland’s GDP grew by almost 25%, while unemployment and the budget deficit fell by almost half.
The candidates also differ enormously in their tax and spending plans – and thus their deficit and debt proposals.
The $11.5 trillion deficit would eventually have to be covered by a gigantic future tax hike.
Such facts have long been cited as evidence that the EU suffers from a democratic deficit, with citizens inadequately engaged with European-level governance.
Across the Atlantic, a standoff between the Democrats, the Tea Party, and old-school Republicans has produced extraordinary uncertainty about how the United States will close its 8%-of-GDP government deficit over the long term.
Japan, meanwhile is running a 10%-of-GDP budget deficit, even as growing cohorts of new retirees turn from buying Japanese bonds to selling them.
If output grows above trend, the budget is in surplus; if it grows below trend, the budget is in deficit.
The US also began to borrow freely from China’s vast reservoir of surplus saving – a convenient solution for the world’s largest deficit saver.
The US remains stuck in the time-worn mindset of a deficit saver with massive multilateral trade deficits and the need to draw freely on global surplus saving to support economic growth.
America’s leadership deficit is, in fact, pushing the US and China to the brink of a trade war.
The result is a multilateral trade deficit, with China and 101 other countries, required to provide the foreign capital needed for the balance of payments.
The large tax cut enacted at the end of 2017 will expand the US federal budget deficit by $1.5 trillion over the next decade, pushing domestic saving even lower – an outcome that will lead to even wider trade deficits.
The Trump administration’s stated objective in pursuing protectionist policies is to reduce the US trade deficit.
But a current-account deficit (the trade deficit plus the services balance) reflects the difference between saving and investment.
Who will then fund America’s budget deficit – and on what terms?
The Stability and Growth Pact, aimed at punishing countries that breach the 3%-of-GDP deficit limit, was a joke: not a single wayward country was ever punished.
If Congress mandates expenditures that exceed revenues, there will be a deficit, and that deficit has to be financed.
The remedies to the US deficit follow immediately from this diagnosis: put America back to work by stimulating the economy; end the mindless wars; rein in military and drug costs; and raise taxes, at least on the very rich.
But if those reserves mainly take the form of dollars, then their rising demand allows the United States to finance its external deficit at an artificially low cost.
Germany’s fiscal deficit temporarily increased by about 2.5 percentage points of GDP during the global recession of 2009; subsequent rapid deficit reduction had no significant negative impact on growth.
A reduction in the deficit today might lead in the short run to a fall in GDP that is larger than the cut in the deficit (if the so-called multiplier is larger than one), which would cause the debt/GDP ratio to rise.
The problem is compounded by the fact that, for the last decade, the US and other deficit countries – including the United Kingdom, Spain, Greece, Portugal, Ireland, Iceland, Dubai, and Australia – have been consumers of first and last resort, spending more than their income and running current-account deficits.
But if the deficit countries spend less while the surplus countries don’t compensate by savings less and spending more – especially on private and public consumption – then excess productive capacity will meet a lack of aggregate demand, leading to another slump in global economic growth.
More dangerous is the possibility that political uncertainty in the run-up to the referendum will discourage foreigners from buying British assets – a major problem for a country with a large current-account deficit.
As a result, from 2005 to 2012, Brazil’s $20 billion trade surplus in manufactured goods swung to a $45 billion deficit.
The US, until then a net creditor to the world, became a net borrower, with China and other emerging markets benefiting from America’s rising trade deficit.
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