Deficits
in sentence
2171 examples of Deficits in a sentence
The US may reduce its
deficits
faster than it would in the non-cooperative case, but only if surplus countries are working to reduce their excess savings.
Because approximately 20% of India's expenditures already go to defense, there is a risk that the government's budget
deficits
may hit unmanageable levels, threatening the hard won growth of the last decade.
Inflation remained in single digits throughout the 1990s and, despite mushrooming fiscal deficits, economic growth became more stable.
Fiscal
deficits
have been growing at unsustainable levels.
The US and the UK have been running current-account
deficits
for decades, and are thus debtors, while the eurozone and Japan have been running external surpluses, making them creditors.
Their export earnings have plummeted – falling by half in many cases – forcing them to run
deficits
and draw on the large sovereign-wealth funds they accumulated during the global commodity boom.
While Germany has resolved its debt problem insofar as it no longer violates the European Union’s Stability and Growth Pact and can be expected to have a balanced budget in 2008, the forecasts for France imply
deficits
of 2.6% and 2.3% of GDP for this year and 2008.
Doing so would reassure American taxpayers worried about current
deficits.
To justify his tariffs, Trump points to America’s bilateral (or multilateral) trade
deficits
with its trading partners.
Suddenly, the world turned upside down: “rich” countries were running large
deficits
and, in some cases, tipping from net creditor status to net indebtedness, while “poor” countries were running surpluses and accumulating large stocks of external assets, including financial claims on Western economies.
No Safe Havens for Dirty MoneyPARIS – In difficult economic times like these, one principle should be given the same prominence as the headline-grabbing issues of high
deficits
and austerity packages.
First, America cannot run enormous (and growing!) current-account
deficits
forever: at some point the desire of foreign investors to hold ever-increasing shares of their wealth in America must wane and then reverse.
This would require the US to run sustained current-account deficits, mirrored in fiscal
deficits.
One possibility is that the inevitable reduction of US current-account
deficits
(whenever that comes) may result from sustained dollar depreciation (as in the 1970s), implying a capital loss for China and other major holders of US Treasuries.
It is no coincidence that during the Reagan/Bush years – the last time so assertive a foreign policy coincided with such large
deficits
– a book like Joseph Nye’s Bound to Lead (1990) could follow in the footsteps of Paul Kennedy’s The Rise and Fall of Great Powers (1988).
Disorders in psychological performance, attention impairments, and memory
deficits
are well known.
At a time when advanced economies must close their fiscal deficits, current-account surpluses could have a deflationary impact on the global economy.
Given its extraordinary shortfall of domestic saving, the US runs chronic current-account
deficits
and relies on foreign investors to fill the funding void.
In the early 1980's, much of Latin America was in serious economic trouble--triple-digit inflation, huge fiscal deficits, and negative growth rates--after decades of following a macroeconomic policy that emphasized import substitution.
According to this vision of development, macroeconomic policy should choke off inflation and rein in fiscal deficits, with foreign private financing becoming the principal source of investment capital.
Yet the prevailing macroeconomic emphasis on controlling inflation and fiscal
deficits
means that a real exchange rate of the peso that was overvalued by 30% is simply ignored, and bank loans to the productive sector are vanishing.
Countries like India and Indonesia are now facing possible financial crises, in part owing to large budget deficits, a major component of which has long been food and energy subsidies.
Indeed, deficiencies in the global monetary system contributed to several economic failings in recent years: excess global liquidity; over-accumulation of dollar-denominated reserve assets; uneven policy responses to current-account surpluses and deficits; resistance to necessary exchange-rate adjustments in the emerging world; and coexistence of inflation and deflation at a global level.
Before the crisis, the single-minded emphasis on reducing national budget
deficits
to less than 3% of GDP led to extensive abuse.
European households almost everywhere became more indebted, but the impact of this credit expansion on private consumption was fundamentally different in the EU’s core countries, where current-account surpluses grew, and in the periphery, where countries accumulated
deficits.
Even worse, it is highly probable that Americans advocating for a reduced US role in the world would seize on Brexit as further evidence that traditional allies were not doing their fair share, and that a US facing growing
deficits
and massive domestic needs should not be expected to make up the difference.
And even the French Prime minister, Francois Fillar, noted that Britain had higher debt and larger
deficits
than France.
The eurozone fiscal
deficits
and current-account
deficits
are now the most obvious symptoms of the euro’s failure.
Today, by contrast, most local private sectors have been borrowing abroad to finance what were, until recently, rising current account
deficits.
Since last May, when the Fed announced its intention to begin tapering its asset purchases, capital has become less accessible and more expensive for emerging economies – a shift that has been particularly painful for countries whose large current-account
deficits
leave them dependent on foreign finance.
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