Deficits
in sentence
2171 examples of Deficits in a sentence
So, over time, fiscal accounts worsen automatically, creating a vicious circle: monetized fiscal
deficits
lead to inflation and a widening gap in the parallel exchange-rate market which worsens the fiscal deficit.
That is why so many European countries today face such huge public-sector
deficits
and, with a falling birth rate and an aging population, we are likely to find that European growth rates will lag still farther behind those of Europe’s competitors in the next few years.
To this litany of concerns we can add the fear of borrowers that the massive American
deficits
would drain the supply of global savings, and worries of holders of US dollar reserves, that America may be tempted to inflate away its debt.
Interestingly, the GIPS’ cumulative current-account
deficits
from 2008 through 2010 were of roughly the same order of magnitude – €365 billion, to be precise.
Had the ECB failed to finance these deficits, the GIPS would have had a hard time finding the money to pay for their net imports.
If they succeeded at all, high interest rates would have induced them to tighten their belts, and their current-account deficits, which in the case of Greece and Portugal exceeded 10% of GDP, would have diminished.
But this would simply prolong community financing of the GIPS’ current-account deficits, now in its fourth year, for another couple of years.
In the end, either the euro will collapse, or a transfer union will be established in Europe, in which the current-account
deficits
will be financed with inter-country donations.
Such a cap would not eliminate current-account deficits, but it would reduce
deficits
to the flow of private capital willing to finance them.
Setting a cap on Target accounts is a fundamentally more appropriate policy to keep current-account
deficits
in check than the wage policies contemplated by the new Pact for the Euro.
Although it must have been sorely tempted, Italy did not accumulate Target
deficits.
And, as the owner of over $1.25 trillion in Treasuries and other dollar-based assets, China has played a vital role in funding America’s chronic budget
deficits
– in effect, lending much of its surplus saving to a US that has been woefully derelict in saving enough to support its own economy.
Also expect China to be far less interested in buying Treasury debt – a potentially serious problem, given the expanded federal budget
deficits
that are likely under Trumponomics.
This led only to structural deficits, vast capital flight, and, in 1994, a 100% devaluation.
But the West will benefit only if it takes the right long-term decisions on the biggest economic questions – what to do about deficits, financial institutions, trade wars, and global cooperation?
Yes, it argues, having governments spend more money and continue to run large
deficits
will increase the supply of bonds, and thus relieve excess demand for longer-term assets.
Macroeconomic stability must be consolidated, with budget
deficits
brought decisively under control.
Timing the budget’s release for just after the G-7 made for a harmonious London meeting in which both Americans and Europeans could claim that the US was taking care of business—that is, its twin fiscal and current-account
deficits.
America’s fiscal and external
deficits
will not disappear just because the chief magician at the Federal Reserve waves his wand and says abracadabra.
Doctors rely on observation of memory loss and other thinking
deficits
(such as reasoning or language comprehension) – signs that plaques are already present in the brain.
It also became dependent on China’s savings surplus to finance its own savings shortfall (the world’s largest), and took advantage of China’s voracious demand for US Treasury securities to help fund massive budget
deficits
and subsidize low domestic interest rates.
The plan does not challenge the constitutional debt brake that forbids the federal government from running structural
deficits
above 0.35% of GDP.
The left calls for an expansion of social protection; the right says that doing so would undermine economic growth and widen fiscal
deficits.
Moreover, the cloud of rising budget
deficits
at the end of the decade – and exploding national debt after that – is also discouraging investment and consumer spending.
Given that Europe’s overall debts and
deficits
are much lower than those of the US or Japan, the logic went, it should have been able to avoid polarization and paralysis.
Given slightly higher hydrocarbon prices, lower government expenditures, and potentially higher tax receipts, many predict that the country’s budget
deficits
will narrow.
Higher oil prices increase America’s trade deficits, which in turn lower the value of the dollar.
House Speaker Paul Ryan and the Republican leadership in the Senate have more mainstream GOP views than Trump on trade, migration, and budget
deficits.
A pragmatic Trump would still generate fiscal deficits, though smaller than in the radical scenario.
The EU’s fiscal rules restrict most member states from running larger
deficits
and financing them by issuing new debt.
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