Shortfall
in sentence
271 examples of Shortfall in a sentence
America’s massive trade deficit is a direct consequence of an unprecedented
shortfall
of domestic saving.
Never before in modern history has the world’s leading economic power experienced a saving
shortfall
of such epic proportions.
Since 2000, it has made up fully 96% of the cumulative current-account
shortfall.
Without addressing the root of the problem – America’s chronic saving
shortfall
– it is ludicrous to believe that there can be a bilateral solution for a multilateral problem.
In that vein, closing down trade with China, while failing to address the saving shortfall, is like putting pressure on one end of a water balloon.
It deflects attention away from those truly responsible for perpetuating the greatest saving
shortfall
in history.
Yet the IEA also argued that the
shortfall
will be made up from greater exploitation of unconventional oil and gas reserves, albeit at far higher prices, owing to the greater environmental and extraction costs.
This
shortfall
in oil earnings, not the lack of foreign assistance, is the real cause of Iraq's financial crisis.
The total shortfalls were estimated at $150 billion a few months ago; now the number must be much larger – indeed, California alone faces a
shortfall
of $40 billion.
The massive spending and personnel cuts promised by Trump will exacerbate the shortfall, forcing the federal government to rely even more on state and local authorities to do much of the work.
In the United States alone, there is a potential
shortfall
of 1.5 million data-savvy managers and analysts needed to drive the emerging data revolution in manufacturing.
Likewise, cutting fiscal support (via government-directed bank lending) to zombie firms would free up fiscal capacity and enable resources to be redirected to new sectors that facilitate services and urban employment; but this would exacerbate – at least at first – today’s demand
shortfall.
That also means ending government co-financing of operating costs and demanding that the oil companies tap capital markets to bridge the
shortfall.
The US, where consumption accounts for the bulk of the
shortfall
in the post-crisis recovery, is a case in point.
To understand why, we should look back to October 2014, when the European Banking Authority began balance-sheet stress tests for the eurozone’s largest 123 banks and found a capital
shortfall
of €25 billion ($28 billion) in all of them.
In a new paper investigating this market reaction, using United States capital-requirement rules, we calculate the total capital
shortfall
in all 51 participating banks to be €123 billion.
Despite this large capital shortfall, 28 of the 34 publicly listed banks in the stress test paid out about €40 billion in dividends for 2015, meaning that they distributed, on average, over 60% of their earnings to shareholders.
According to the World Health Organization, the annual funding deficit for TB research and development is more than $1.3 billion, a
shortfall
that is exacerbated by a lack of market incentives within the pharmaceutical industry.
A large
shortfall
in domestic demand stymies growth and employment in the non-tradable sector, where it is the only demand that is relevant.
Otherwise, the
shortfall
in domestic demand would reassert itself when the stimulus ended.
Finally, to attempt this rebalancing in the current fiscal environment without tax increases (perhaps temporary measures designed to overcome the cumulative investment shortfall) would be very unwise.
The fact that the twin deficits remain so large in most cases is an indication that even with substantial adjustment efforts in some countries, much of the
shortfall
in export and fiscal revenue was financed with new domestic and external debt.
Weak demand – especially the post-crisis collapse in consumer spending growth – is a far more likely culprit than China in explaining the recent hiring
shortfall.
They are all part of an enormous multilateral trade deficit that stems from America’s unprecedented
shortfall
of saving – a depreciation-adjusted “net national saving rate” (combining businesses, households, and the government sector) that has been negative since 2008.
But, rather than recognize the likely drivers of these developments – namely, a seemingly chronic
shortfall
of global aggregate demand amid a supply glut and a deflationary profusion of technological innovations and new supply chains – the Fed continues to minimize the deflationary impact of global forces.
The US president-elect wants to restore growth via deficit spending in a country with a chronic
shortfall
of saving.
The US had trade deficits with 101 countries in 2015 – a multilateral problem stemming from a saving
shortfall
that cannot be effectively addressed through country-specific “remedies.”
Trumponomics seems likely to exacerbate America’s saving
shortfall
in the years ahead.
I warned of this problem more than a year ago, and I suggested that the Federal government pick up the tab for the
shortfall
in state tax revenue, because the states did not cause the country's slowdown.
But I argued that this was irrelevant: making up the states
' shortfall
would cost the government nothing if the optimists turned out to be right, but it would be just the right medicine if pessimists like me were correct.
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