Deficits
in sentence
2171 examples of Deficits in a sentence
But it does mean that there is limited hope for resolving seemingly chronic trade
deficits
– and the related erosion of domestic hiring traceable to these imbalances – if the US doesn’t start saving again.
Analyses by the Tax Policy Center, the Tax Foundation, and Moody’s Analytics all indicate that federal budget
deficits
under Trump’s economic plan are headed back toward at least 7% of GDP over the next ten years.
That would put renewed pressure on the current-account and trade deficits, making it extremely difficult to reverse the loss of jobs and income that politicians are quick to blame on America’s trading partners.
The False Promise of StabilityFrance, Portugal and Germany are all flagrantly flaunting the Stability Pact, the agreement among Eurozone members to keep their
deficits
below a critical threshold (3% of GDP today, but lower, supposedly, in the future).
In the long run, governments should run balanced budgets, with surpluses in good years making up for
deficits
in bad years.
But the deeper reason is the correct perception that the resulting current-account
deficits
are not “benign” when they are being financed by inflows of short-term capital, or “hot” money.
In short, CFT addresses trade deficits, overcomes the limitations of tariffs, fights trade manipulation, corrects current mainstream economic theory, and is a necessary step toward re-establishing a feasible global payments system.
So, like Paul Krugman, Martin Wolf, and others, I would expand fiscal deficits, not try to shrink them.
Once again, the two countries have forged a "coalition of the unwilling"--this time against the sanctions mechanism of the European Stability and Growth Pact, which limits the size of euro members' budget
deficits
to 3% of GDP.
Once upon a time in Latin America, fiscal policies were extremely pro-cyclical: whenever commodity prices fell, governments lost access to capital markets, so they had to eliminate their
deficits
just when conditions called for fiscal expansion.
With public debt much lower than in the past, several Latin American countries ran counter-cyclical
deficits
for the first time in 2009, thereby cushioning the domestic impact of the external blow from the global financial crisis.
Of course, “prudent” countries, with small current-account
deficits
or surpluses, will be much more immune to temporary shocks.
After all, the real lesson of the 1980’s is that exerting massive pressure for exchange-rate adjustment and looser monetary and fiscal policy won’t work – especially since China now, like Japan then, is already running substantial budget
deficits.
They expected tax cuts to be followed by a fangs-bared attack on social-welfare spending once
deficits
reemerged.
He rejected what he described as the European style of very large government and high tax rates and the American style of lower tax rates but large fiscal deficits, in favor of low budget
deficits
and a tax system that would promote “opportunities” for individuals and private enterprises.
As a result, deleveraging remains a clear priority in a range of countries, reducing growth, with fiscal countermeasures limited by high or rising government debt and
deficits.
India is running high current-account and fiscal deficits; food-price inflation is in the double digits; and the rupee has weakened.
That is what voters want, that is the fashion, that is what looming social security
deficits
require.
In the Eurozone the scope for fiscal stimulus (lower taxes and/or higher public spending) was constrained until war blew a hole in the Stability Pact, which caps member budget
deficits
at 3% of GDP.
At the same time, fiscal policy has been constrained in some countries by high
deficits
and debts (which jeopardize market access), and in others (the eurozone, the United Kingdom, and the United States, for example) by a political backlash against further fiscal stimulus, leading to austerity measures that undermine short-term growth.
Second, QE could evolve into a “helicopter drop” of money or direct monetary financing by central banks of larger fiscal
deficits.
Indeed, the recent market buzz has been about the benefits of permanent monetization of public
deficits
and debt.
Meanwhile, governments were running large
deficits
– a legacy of the economic downturn – which renewed growth was supposed to shrink.
Attention switched to the problem of fiscal
deficits
and the relationship between
deficits
and economic growth.
Should governments deliberately expand their
deficits
to offset the fall in household and investment demand?
Moreover, because fiscal austerity stifled economic growth, it made the task of reducing budget
deficits
and national debt as a share of GDP much more difficult.
First there is the issue of how fast to reduce government
deficits
and the accumulation of public debt.
Sudden fiscal contraction would reduce domestic aggregate demand faster than the economy’s deleveraging and structural shifts could replace it, thereby killing off growth and hiring, with adverse feedback effects on budget
deficits.
Deficits
have to fall within a time horizon of 5-10 years.
These factors – together with the lack of trade data for regions within countries – have led economists only rarely to consider countries’ internal surpluses or
deficits.
Back
Next
Related words
Fiscal
Budget
Countries
Large
Trade
Growth
Their
Government
Would
Which
Public
Economic
Rates
Spending
Surpluses
Inflation
Economy
Governments
Interest
External