Deficits
in sentence
2171 examples of Deficits in a sentence
Together, the sum of the current-account
deficits
of the United States, the United Kingdom, and major Commonwealth countries amounts to more than $800 billion, or roughly 60% of the global total of all external
deficits.
But action by Germany alone will have little impact on these countries’ fortunes, because their
deficits
are much larger.
The US has run chronic current-account
deficits
for almost two generations.
As Ethan Ilzetzky, Kenneth Rogoff, and I document, because of the absence of alternatives, the dollar’s status as the world’s major reserve currency remains unchallenged, making it easy for the US to continue to finance current-account
deficits.
That’s why most experts agree that slowing the rise in these so-called “entitlement” programs has to be part of reducing future
deficits.
The Republicans under Bush have turned huge surpluses into terrifyingly large
deficits.
So, while post-crisis Asia focused in the 2000’s on repairing the financial vulnerabilities that had wreaked such havoc – namely, by amassing huge foreign-exchange reserves, turning current-account
deficits
into surpluses, and reducing its outsize exposure to short-term capital inflows – it failed to rebalance its economy’s macro structure.
And rapid economic growth is occurring in an environment of small deficits, low debt, and controlled inflation.
So long as inflation was the real and present danger, it made sense to delegate monetary policy to conservative central bankers insulated from pressure to finance government budget
deficits.
To achieve this, it is necessary for monetary and fiscal policymakers to work together, including by allowing the central bank, in extremis, to monetize budget
deficits.
Unfortunately, far too much discussion has centered on what governments can do to stimulate demand through budget
deficits
and monetary policy.
The most important measures required cutting budget deficits, often at the cost of lowering public expenditures.
Under such a system of ECB guarantees, there would still be an important role for traditional stabilization programs, like those now in place for Ireland, Portugal, and Greece – particularly while countries still run primary
deficits.
The result is a temporary increase in budget deficits; the fiscal benefits appear only when private schemes start taking over pension liabilities from the state-run systems.
This would give more flexibility on budget
deficits
to countries that are making progress towards meeting the agenda's reform targets.
Future
deficits
could, in theory, be reduced through higher contributions, but social security contributions are already far too high in Europe, inhibiting job creation and economic growth.
Fourth, in recent years the lack of fiscal discipline has been costly for the Indian economy, as excessive demand arising from large
deficits
translated into stubbornly high inflation and was partly responsible for large current-account
deficits.
An emerging market requires a strong commitment to keeping fiscal
deficits
in check.
Much of the concern over the past few years has centered on America’s yawning current account and fiscal deficits, and its effort to get China to let the yuan float more freely against the dollar.
Europe’s Trust DeficitBERKELEY – There is no shortage of talk nowadays about Europe’s
deficits
and the need to correct them.
Critics point to governments’ gaping budget
deficits.
They cite the southern European countries’ chronic external
deficits.
They highlight the eurozone’s institutional
deficits
– a single currency and a central bank but none of the other elements of a well-functioning monetary union.
If this opportunity to rebuild trust is squandered, it will be difficult, if not impossible, for Europe to address its fiscal, economic, and institutional
deficits.
Yet, as Tharman reminded the crowd, countries like South Korea and Singapore “grew by running current account
deficits
at early stages of development so we could invest ahead for growth while our savings were being built up.”
No wonder current-account
deficits
are viewed as sinful.
They run monetary and fiscal policies that are so tight that current-account
deficits
are impossible, or they hold large stocks of international reserves.
While emerging economies should aim to emulate these two countries’ educational and health achievements, they should also try to emulate the way Singapore and South Korea paid for all those schools and hospitals: by borrowing abroad and running external
deficits
whenever necessary.
This was combined with a counter-cyclical fiscal policy has that kept
deficits
and public debt under control.
Soldiers enduring sleep deprivation as part of their training show large decrements in psychomotor and general cognitive function, as well as profound memory
deficits.
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