Deficits
in sentence
2171 examples of Deficits in a sentence
Thus, emerging economies with large twin
deficits
and other macroeconomic fragilities may experience further downward pressure on their financial markets and growth rates.
In the eurozone, countries on the periphery needed currency weakness to reduce their external
deficits
and jump-start growth.
The dollar has also risen relative to currencies of emerging markets with economic and financial fragilities: twin fiscal and current-account deficits, rising inflation and slowing growth, large stocks of domestic and foreign debt, and political instability.
This led to a price explosion and massive external
deficits.
The only institution that can crank up the printing press – the European Central Bank – will never resort to monetization of fiscal
deficits.
To restore growth, these countries must also regain competitiveness by achieving a real depreciation of their currency, thus turning trade
deficits
into surpluses.
Today, through a combination of irresponsible Republican-led tax cuts, a slowing economy, the bursting of the stock market bubble, and a massive increase in defense spending, huge
deficits
dominate the fiscal horizon.
This changed with the Reagan Administration, when conservative Republicans favored tax cuts even at the cost of large budget
deficits.
The result - no surprise - was a series of vast budget
deficits
that took years to clean up.
So massive budget
deficits
seem here to stay.
Others believe that
deficits
will force major cuts in domestic government spending, thus shrinking the state, which is their heart's desire.
But I predict large budget
deficits
for years to come, and a growing sense of unease within the US and abroad about America's macroeconomic situation.
Foreign investors may decide to cut back financing America's budget and current account
deficits
on favorable terms.
The poor, both inside the US and abroad, could suffer the most, as President Bush and the Congress tell the American people and the world that, due to the large budget deficits, there is no money available to address problems of poverty, disease, and education.
Indeed, 88% of these countries’ current-account
deficits
over the last three years were financed via the extension of credit within the Eurosystem.
The GIPS’ enormous current-account
deficits
– and the massive exodus of capital from Ireland, in particular – would not have been possible without ECB financing.
Without the additional money that GIPS central banks created in excess of their countries’ requirements for internal circulation, trade
deficits
could not have been sustained, and the GIPS’ commercial banks would have been unable to prop up asset prices (which all too often were those of government bonds).
The ESM is a sure way to bring Europe to its knees, because the longer bailout loans continue, the longer the GIPS’ current-account
deficits
will persist, and the more their external debts will grow.
Zhou’s 2009 essay galvanized these efforts, as he pointed to the evident inadequacies of the dollar-centered system (such as the impact of chronic US deficits) and outlined the SDR’s advantages as an alternative means of international financial settlement.
To head off this possibility, the EU created the Stability and Growth Pact: government
deficits
had to be less than 3% of GDP.
Is the German government’s willingness to issue more debt and run bigger
deficits
limited because the market recognizes and penalizes nation states that allow their fiscal positions to weaken?
Then reforms stalled, the fiscal and current-account
deficits
soared, and annual GDP growth fell to 4-5%.
For fiscal policy, the crisis showed the value of maintaining low public debt and
deficits
during good times: countries with healthier public finances have more space to cushion the economic impact of crises.
But the Great Recession has caused public debt and
deficits
in many advanced economies to soar.
He also testified that tax cuts are better than spending increases to keep surpluses from growing too large, but that uncertainty is enormous, so that any tax cuts should be canceled if they threatened to bring us back to an age of
deficits.
These changes put Poland at the forefront of international efforts to control aging-related budget
deficits.
The magnitude of budget
deficits
– like the magnitude of the downturn – has taken many by surprise.
Spending, especially on investments in education, technology, and infrastructure, can actually lead to lower long-term
deficits.
Yet, even with large deficits, economic growth in the US and Europe is anemic, and forecasts of private-sector growth suggest that in the absence of continued government support, there is risk of continued stagnation – of growth too weak to return unemployment to normal levels anytime soon.
Deficits
to finance wars or give-aways to the financial sector (as happened on a massive scale in the US) lead to liabilities without corresponding assets, imposing a burden on future generations.
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