Deficits
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2171 examples of Deficits in a sentence
This external drag is likely to continue, as politics in developed countries impedes efforts to implement the structural reforms – such as reducing wages, lowering social benefits, financial deleveraging, and consolidating budget
deficits
– needed to revive economic growth.
This position confers considerable advantages on the US, but it also requires the US to run persistent trade deficits, in order to supply the rest of the world with sufficient dollar liquidity.
Ireland, Belgium, Italy, and the United Kingdom are still under threat, owing to large public debts or current-account
deficits.
"The Germans at least are trying to rein in their deficits," the official went on.
And even where revenues are otherwise adequate, states have an incentive to spend more on social programs and, pointing to the resulting deficits, ask for additional federal transfers.
Those who advocate redistribution by running larger government budget
deficits
are being short sighted.
The result will probably be the same as when Bush pursued similar policies: income inequality will widen, and budget
deficits
will grow.
Its merit is its head-on challenge to the neoliberal obsession with
deficits
and debt reduction, and to reliance on quantitative easing as the sole – and now exhausted – demand-management tool.
The recent downturn in France’s industrial output has created large trade deficits, and is undermining the competitiveness of small and medium-size enterprises.
And, reflecting the aging of Japanese society, the household savings rate itself will decline dramatically, making it difficult for the private sector to finance annual budget
deficits.
For the US, on the other hand, soaring military expenditures and frequent tax cuts have created the economic conditions for trade deficits, and ineffective adjustment programs have only exacerbated the impact of trade on jobs.
The proof, it is often argued, is that external
deficits
have contracted substantially.
So the contraction of external
deficits
is a sign that a correction is under way, and the rebalancing is impressive.
True, the Fund has been notably soft on the United States of late, downplaying the continuing vulnerabilities posed by the gaping US current account and trade
deficits.
So, although India might initially absorb some international capital, it might ultimately prefer to build foreign reserves by running small external
deficits
or even a surplus.
Similarly, the first Bretton Woods system was sustained with European capital, and Bretton Woods 2 was fueled by Asian capital, with the US providing the
deficits
in both cases.
With Trump obsessing over secondary issues such as tariffs and deficits, it will be all but impossible for the US and Europe to establish new global trade norms.
Debating the Confidence FairyLONDON – In 2011, the Nobel laureate economist Paul Krugman characterized conservative discourse on budget
deficits
in terms of “bond vigilantes” and the “confidence fairy.”
Unless governments cut their deficits, the bond vigilantes will put the screws to them by forcing up interest rates.
But, before the economy reached bottom, the stimulus was turned off, and austerity – accelerated liquidation of budget deficits, mainly by cuts in spending – became the order of the day.
Germany is advocating a reduction in budget
deficits
while pursuing an orthodox monetary policy whose sole objective is to control inflation.
Policy interest rates are close to zero in the major economies in the developed world, and outsize budget
deficits
are the norm.
When the EFSF was created, it was assumed that the only problem was to ensure financing for the government
deficits
of the four prospective problem countries (Portugal, Ireland, Greece, and Spain).
The fiscal and current-account
deficits
are widening, foreign investment is weak, inflation is rising, and corruption remains rampant.
At a time when many advanced countries run government deficits, GDP-linked bonds would improve risk management and bring down financing costs.
The current scheme breeds structural fiscal deficits, excessive reliance on imports, endemic corruption, money laundering, narcotics trafficking, and massive capital flight.
Meanwhile, French banks charge at least 5-6% interest on the loans that they grant to African governments to finance their budget
deficits.
So, for four years, budget
deficits
– which do, of course, have to be addressed by long-term debt-reduction plans – have virtually monopolized economic-policy debate in Europe and America, at the expense of sensible discussions about growth, employment, and trade.
Citizens would be excused for concluding that the 2008 global financial crisis had nothing to do with a global banking collapse and was entirely caused by a few spendthrift national governments racking up
deficits.
Yet another vacuous budget deal, in conjunction with weaker-than-expected growth for the US economy for years to come, spells a protracted period of outsize government
deficits.
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