Deficits
in sentence
2171 examples of Deficits in a sentence
Overspending countries are now retrenching, owing to the need to reduce their private and public spending, to import less, and to reduce their external
deficits
and deleverage.
Fifth, in countries where private-sector deleveraging is very rapid via a fall in private consumption and private investment, the fiscal stimulus should be maintained and extended, as long as financial markets do not perceive those
deficits
as unsustainable.
And slower growth means lower revenues, which imply larger
deficits
and heavier debt burdens – at which point, as Wolfgang Munchau of the Financial Times and others have stressed, the entire belt-tightening exercise begins to look self-defeating.
It is not debt and deficits; and it is not dealing with the aftermath of irresponsible lending and borrowing.
The absence of well-articulated common analyses and policy coordination has accentuated legitimacy deficits, encouraging leaders and publics to opt for partial narratives and eroding confidence in existing institutional structures.
With soaring deficits, a second stimulus appears unlikely, and, with monetary policy at its limits and inflation hawks being barely kept at bay, there is little hope of help from that department, either.
Reckless budget
deficits
can lead to a weak currency; so can low interest rates.
America’s multilateral trade deficit will not be significantly narrowed until America saves significantly more; while the Great Recession induced higher household savings (which were near zero), this has been more than offset by the increased government
deficits.
But short-term stimulus measures, such as tax cuts and higher fiscal deficits, will be needed to minimize growth disruptions.
But Valls and Renzi also plan to cut spending to prevent their budget
deficits
from rising, which means that their initiatives will not boost demand.
Second, for most global investors, these economies’ bonds are a quasi-automatic component of portfolio allocations, so their governments’ budget
deficits
are financed in part by other countries’ savings.
Not all Americans are enthused about President Bush's rapid conversion of trillion dollar surpluses into deficits, nor does a majority embrace his proposals to privatize America's social security system, which has done so much to eliminate poverty among America's elderly.
In an expanding global economy, the supplier of the reserve currency is pushed to run current-account
deficits
– and hence toward a leveraged-growth model that systematically erodes its strength and independence as it becomes increasingly reliant on foreign capital and foreign asset ownership.
With limited, if any, hard-currency (US dollar or gold) reserves on hand, and little prospect for acquiring dollars through export earnings, European economies attempted to shrink their current-account
deficits
by compressing imports from other (mostly) European countries.
But, because of elevated debts or remaining deficits, countries in need of further growth are also those that lack fiscal space.
To see the link, recall the “fiscal compact” to eliminate structural budget
deficits
that Germany insisted upon as a condition of agreeing to bailout loans for distressed governments and banks.
Budget
deficits
and the resulting national debt are important not only in themselves; they also contribute to a country’s current-account deficit, which is the difference between its level of domestic investment by businesses and households in structures and equipment and the amount that it saves to finance those investments.
Private-sector deleveraging continued, but was counter-balanced by rising public-sector
deficits
and debt.
In Europe, that means agreeing on burden-sharing for re-capitalizing countries where
deficits
and debt have cut off market access or led to prohibitively high borrowing costs.
The fourth item concerns the fact that the global economy will be out of balance so long as the US runs large current-account
deficits.
Indeed, if foreign-owned enterprises exports are deducted from the total trade volume, the surplus vanishes, because both the overall balance of merchandise trade and the balance of trade in services normally run
deficits.
Thanks to Bush's tax cuts and military spending, which have contributed to budget
deficits
of $500 billion per year, the US will have to raise taxes and limit budget spending, whether or not Bush is re-elected.
Japan offset private deleveraging in the 1990s by running massive public
deficits.
For governments restrained by high public debt and deficits, the proposal is certainly tempting.
Moreover, it would enable governments to monetize fiscal
deficits
without constraints, and potentially to abuse money-printing power for political considerations.
It narrows government budget
deficits
by increasing tax revenues and limiting welfare spending.
The Reagan-era
deficits
helped the US economy recover from the 1981-82 recession.
He had argued that prevailing economic conditions implied that wider budget
deficits
would result in higher interest rates and a stronger dollar, making it harder for US manufacturers to compete with imports.
Second, when have those
deficits
been “temporary,” apart from the occasions when later Democratic administrations reduced them by reversing the underlying tax cuts (as Clinton did after Reagan, and Barack Obama did after George W. Bush)?
And, finally, when have investments stemming from Republican tax cuts ever raised more in national savings than has been depleted by the ensuing budget
deficits?
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