Deficits
in sentence
2171 examples of Deficits in a sentence
That question is all the more important, because the Netherlands and Austria, two of Germany’s Northern European eurozone neighbors, continue to run current-account surpluses, while the Southern European crisis countries have reversed their previously large deficits, as austerity has squeezed domestic demand and made room for an increase in exports.
Japan’s debt-to-GDP ratio now exceeds 150% of GDP (taking into account the large financial assets of the government-owned savings institutions), and continues to rise, owing to large fiscal
deficits.
But those historical rates prevailed at times when fiscal
deficits
and federal government debt were much lower than they are today.
With budget
deficits
that are projected to be 5% of GDP by the end of the coming decade, and a debt/GDP ratio that has roughly doubled in the past five years and is continuing to grow, the real interest rate on Treasuries should be significantly higher than it was in the past.
Countries were warned: avoid trade
deficits
and build up reserves, because they are the key frontline defense.
This is reminiscent of what happened twenty years ago, when President Reagan engineered huge tax cuts that were supposed to pay for themselves, but which incited huge fiscal deficits, which in turn led to huge trade
deficits.
Why hasn't the IMF sternly criticized these
deficits?
There are a time and place for tighter budgets and higher interest rates, especially when monetization of large government budget
deficits
fuels inflation.
At the same time, Europe’s massive shift to a trade surplus (a key factor underpinning the region’s new-found stability) and the Japanese yen’s sharp depreciation are among myriad factors squeezing countries seeking to rein in current-account
deficits.
Will the United States ever face a bill for the string of massive trade
deficits
that it has been running for more than a decade?
Including interest payments on past deficits, the tab for 2006 alone was over $800 billion dollars – roughly 6.5% of US gross national product.
Yet the US
deficits
have persisted, and even risen, since then.
It is less easy to rationalize why the US government is continuing to run budget
deficits
despite a cyclical boom.
In order for the US economy to run
deficits
with the world, other countries must be willing to spin off a counterbalancing supply of savings.
As long as the status quo persists, with strong global growth and stunning macroeconomic stability, the US can continue to borrow and run trade
deficits
without immediate consequence.
The US government itself has taken advantage by running vast
deficits.
Economies running current-account
deficits
tend to suffer from a deficiency of domestic saving.
Lacking in saving and wanting to invest, consume, and grow, they have no choice but to borrow surplus saving from others, which gives rise to current-account and trade
deficits
with the rest of the world.
During the 2000-2017 period, the US amassed $9.1 trillion in cumulative current-account
deficits.
Many observers believe that the US is doing the rest of the world a huge favor by running chronic current-account
deficits
– namely, supporting the large surplus countries, which tend to suffer from a shortfall of domestic demand.
President Donald Trump’s administration has played an especially antagonistic role in asserting that the US is being victimized by large trade
deficits.
Large and growing federal budget
deficits
over the next several years will only exacerbate this problem.
And he insists, over the protests of countless economists, that trade
deficits
are a sign of US economic weakness.
In Greece, the problem is with sovereign
deficits
(much of it long concealed), while the problem in Asia was unmonitored private-sector debt.
In addition to the trade and budget deficits, there is a jobs deficit.
Given that little can be done in practice to dislodge Russia from Crimea, the key challenge now is to keep the rest of the country united and to restart its economy, which is now in a state of suspended animation, owing to unsustainable fiscal and external
deficits.
With increased transaction costs, worsening solvency for the system, increased budget deficits, and decreasing benefits and security for retirees, why the drive for privatization?
The Social Security deficit pales by comparison with the
deficits
created by Bush’s huge tax cuts for upper-income Americans or in comparison with the deficit in Medicare, which provides health care for the aged.
The near-term cost of financing
deficits
is low because households are worried that the possible “seven lean years” will be very lean, indeed.
Slow growth, combined with large fiscal
deficits
and near zero inflation, has driven government debt from 50% of GDP to 236% of GDP.
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