Deficits
in sentence
2171 examples of Deficits in a sentence
Removing national governments’ ability to run large
deficits
and borrow at will is the necessary counterpart to a joint guarantee of sovereign debts and easy borrowing terms today.
Lacking in domestic saving and wanting to consume and grow, America must import surplus saving from abroad and run massive current-account and trade
deficits
to attract the foreign capital.
With US budget
deficits
likely to widen by at least $1 trillion over the next ten years, owing to the recent tax cuts, pressures on domestic saving will only intensify.
There seems to be a Catch-22 at work here: introducing the common currency may prompt foreign investment, although this will depend on the ability of the new members to lower their public finance
deficits.
America’s Scorched Earth ManagementSigns of the American economy’s perilous condition are everywhere – from yawning fiscal and current-account
deficits
to plummeting home prices and a feeble dollar.
Meanwhile, the bond market’s concern over fiscal
deficits
and debt dynamics is driving these countries’ borrowing costs higher.
They view budget
deficits
as creating negative spillover effects for neighbors, owing, for example, to the moral hazard of bailouts.
Their idea of a cooperative equilibrium is the European Union’s 2013 “fiscal compact,” under which euro members agreed yet again to rules for limiting their budget
deficits.
As big budget
deficits
returned, so did European skepticism about the sustainability of America's mounting external deficit and the overvalued dollar.
But tax cuts that must soon be reversed--due mainly to demographic pressure on public pensions and healthcare--are unlikely to stimulate demand as consumers lose confidence in government's ability to control
deficits.
Thus, countries on the EU’s periphery – Portugal, Italy, Greece, and Spain – with large public debt and current-account deficits, face lower real wages and high unemployment for some time.
US stocks are overpriced for a world in which inflation is not totally dead and Japanese bonds are overpriced for the simple reason that the country's debt is huge and the budgets
deficits
on its horizon seemingly stretch forever.
Lack of recovery in Japan means that budget
deficits
are huge, too, and so are pension payments to a rapidly aging population.
While an agreement has been reached (2013 has been set as the year to reduce budget
deficits
by half; 2016 to stabilize sovereign debt), consensus is not headed in the right direction.
REYKJAVIK – No one yet has any real idea about when the global financial crisis will end, but one thing is certain: government budget
deficits
are headed into the stratosphere.
Even those countries that are not actively engaged in a fiscal orgy are seeing their surpluses collapse and their
deficits
soar, mainly in the face of falling tax revenues.
During the May-June quasi-panic that followed Bernanke’s statement, it was countries with large external
deficits
(making them the most obvious candidates for real depreciation) – for example, India, South Africa, and Turkey – that suffered the sharpest selloffs.
Another part of the Republican strategy (known as “starve the beast”) will be to use the higher
deficits
from tax cuts to argue for cuts in so-called entitlement spending, such as Medicare, Medicaid, food stamps, and Social Security.
It is never easy to know whether a deficit is transitory and will soon be reversed or is the precursor to further
deficits.
But the longer-term rise in the annual
deficits
– owing to an aging population, changing medical technology, and rising interest rates – and the resulting increase in the debt-to-GDP ratio were inevitable (and were clearly predicted by the CBO and others).
Manufacturing and government sectors remained large; inflation, budget deficits, and public debt began to grow.
Attempts to shift too much wealth from productive to non-productive sectors led to stagnation in both countries, with growing budget deficits, debt, and heavy unemployment.
In Germany, ideological aversion to budget
deficits
runs deep.
And an exceptional spate of budget
deficits
following German reunification in 1990 appeared only to aggravate, not solve, reunified Germany’s structural problems.
Ultimately, hostility to the use of fiscal policy, as with many things German, can be traced to the 1920s, when budget
deficits
led to hyperinflation.
But for the better part of two centuries, its citizens have been suspicious of federal government power, including the power to run deficits, which is fundamentally a federal prerogative.
A return to fiscal deficits, which could result from the combination of large tax breaks and a much slower-growing economy, would make the economy more vulnerable to shocks in coming years.
Unlike the French, however, the Dutch have not been euro bashers even though, as a medium sized country, the Netherlands do have some legitimate grievances against the EU—namely, how the so-called “Stability Pact” to control fiscal
deficits
is being enforced.
After varying between 25% and 50% of GDP for the past half-century, the recent budget
deficits
have caused the debt to reach 62% of GDP.
America depends on China’s trade surplus and savings to finance its outsize budget deficits, while China relies on its huge exports to the US to sustain its economic growth and finance its military modernization.
Back
Next
Related words
Fiscal
Budget
Countries
Large
Trade
Growth
Their
Government
Would
Which
Public
Economic
Rates
Spending
Surpluses
Inflation
Economy
Governments
Interest
External