Distress
in sentence
647 examples of Distress in a sentence
But whether Jay Powell’s Fed would respond as creatively as Bernanke’s in 2008 – providing “back-to-back” loans to non-member banks in distress, for example – is an open question.
But it is precisely the mismatch between the EU’s past achievements and its current
distress
that has fueled anger and led to its rejection by many Europeans.
The signs of social
distress
are multiplying.
Indeed, many borrowed to finance their spending, with the result that the proportion of poorer households in financial
distress
or filing for bankruptcy was significantly higher in areas where the rich earned (and spent) more.
The Mediterranean region is already beset by environmental
distress
and forced migration from conflict zones.
Humans have a specialized brain network (the “pain matrix”) that automatically and reflexively responds to distress, pain, and despair in another.
The government could have used the crisis to nationalize all banks and companies in financial
distress.
Having experienced practically zero growth from 1997-2000, with unemployment at 20.5%, Colombia’s
distress
is so pronounced that a three year program was agreed with the IMF in late 1999.
The Knife’s-Edge EconomyBerkeley – Since 2003, I have been saying that the global economy is badly unbalanced and vulnerable to a macroeconomic catastrophe that would yield one of the worst episodes of economic
distress
of modern times.
In 2004-2007, I considered that I might be wrong about a relatively rapid resolution to the world’s economic distress: as the late Rudi Dornbusch put it, unsustainable macroeconomic imbalances can sustain themselves longer than economists (with their touching faith in rational human decision making) believe is possible.
The odds heavily favored the second outcome: global macroeconomic
distress.
And that, in turn, would produce financial distress, followed by a crisis if the warning signs were ignored.
Given the amount of
distress
brought about by excessive debt, one might well ask why individuals and countries have repeatedly put themselves into this situation.
The financial sector will press governments to ensure full repayment, even when it leads to massive social waste, huge unemployment, and high social
distress
– and even when it is a consequence of their own mistakes in lending.
The US unemployment rate may seem to hint at the risk of rising inflation, but the employment-to-population ratio continues to signal an economy in deep
distress.
The most immediate is financial
distress
emanating mainly, but not exclusively, from the US and spilling out to hit all sectors of the global economy.
First, extreme financial
distress
can bring down the real economy, with a shortage of credit being the most potent channel.
These include tax policy, the inefficient or improper use of public funds, impediments to structural change in product and factor markets, and mismatches between the reach of global financial institutions and the capacity of sovereign balance sheets to intervene in case of financial
distress.
The big question for the world economy is whether advanced countries in economic
distress
will be able to make room for faster-growing developing countries, whose performance will largely depend on making inroads in manufacturing and service industries in which rich countries have been traditionally dominant.
In the wake of the 2008 global financial crisis, the EU’s weaker economies faced skyrocketing unemployment, especially among young people, while its stronger economies felt pressure to “show solidarity” by bailing out countries in
distress.
Concerns about bankruptcy - that the high interest rates pushed by the IMF in East Asia would force firms into distress, even adversely effect the exchange rates while destroying economies and making countries less attractive to investors - derived from a theory of corporate finance, itself derived from theories of asymmetric information.
In today’s world, one would think that US economic
distress
would cure that compulsion.
Instead, I argued that whales are social mammals with big brains, capable of enjoying life and of feeling pain – and not only physical pain, but very likely also
distress
at the loss of one of their group.
Still, the IMF is right – on grounds of both fairness and efficiency – to raise the idea of temporary wealth taxes in advanced countries to relieve fiscal
distress.
After all,
distress
in these sectors has very different effects on the broader economy.
Hard Truths About Global GrowthNEW YORK – The world’s high-income countries are in economic trouble, mostly related to growth and employment, and now their
distress
is spilling over to developing economies.
One is people in
distress.
Regulation that is not globally coordinated, they warned, would create unnecessary uncertainty, prolong financial distress, and threaten economic recovery.
The result was widespread defaults on foreign debts, financial distress, and the collapse of international capital flows.
If the economy was foolproof, and if so many good policy options existed to deal with crisis and distress, there was less need to avoid mistakes.
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