Shortfall
in sentence
271 examples of Shortfall in a sentence
To end the current stalemate and unlock its economic potential, Europe needs a new “compact” (to use the current jargon) that addresses simultaneously the demand shortfall, impediments to productivity gains, and the quality of growth.
Europe’s Dysfunctional Growth CompactBRUSSELS – Recently, a €10 billion ($13 billion)
shortfall
in this year’s European Union budget came to light.
Member states have refused the European Commission’s request for extra contributions to cover the shortfall, causing talks over next year’s budget to collapse.
This takes on added significance for a global economy that slowed to just 1.4% average growth in 2008-2009 – an unprecedented
shortfall
from its longer-term trend.
Given its extraordinary
shortfall
of domestic saving, the US runs chronic current-account deficits and relies on foreign investors to fill the funding void.
While down from the blistering, unsustainable 12.7% pace recorded during the three years prior to the crisis, this represented only a modest
shortfall
from the 30-year post-1980 trend of 10%.
But economists debate the extent to which these conditions reflect a cyclical demand
shortfall
or more structural problems that a monetary stimulus cannot remedy.
The smoking gun is supposedly the €400 billion annual
shortfall
relative to 2007.
Rising income inequality, by redistributing income from those who spend more to those who save more, has exacerbated the demand
shortfall.
To finance consumption and growth, the US borrows surplus saving from abroad to compensate for the domestic
shortfall.
One of the main casualties is the tradable sector in China, where domestic demand remains inadequate to cover the
shortfall
and prevent a slowdown in GDP growth.
Though public investment cannot fix a large demand
shortfall
overnight, it can accelerate the recovery and establish more sustainable growth patterns.
This is corroborated by a glaring
shortfall
in the “GDP dividend” from Fed liquidity injections.
The Republicans’ proposed tax cuts would create a $2 trillion revenue
shortfall
over the next decade, and they cannot plug that hole with revenue savings from their health-care reform plan or with the $1.2 trillion that could have been expected from a BAT.
But this would deliver only $150-200 billion in new revenues – less than 10% of the $2 trillion fiscal
shortfall
implied by the Republicans’ plan.
But such measures may increase – and will be harder to phase out over time – in the context of a
shortfall
in aggregate demand.
Along with inadequate capital supply, Greece is suffering from a demand shortfall, as the troika continues to squeeze the country with harsh austerity.
As the world’s greatest economic power and issuer of what is essentially the global reserve currency, America has had no trouble – at least not yet – attracting the foreign capital it needs to compensate for a
shortfall
of domestic saving.
The mirror image of America’s saving
shortfall
is its current-account deficit, which has averaged 2.6% of GDP since 1980.
Government budget deficits have long accounted for the largest share of America’s seemingly chronic saving
shortfall.
BERKELEY – In the 12 years of the Great Depression – between the stock-market crash of 1929 and America’s mobilization for World War II – production in the United States averaged roughly 15% below the pre-depression trend, implying a total output
shortfall
equal to 1.8 years of GDP.
Today, even if US production returns to its stable-inflation output potential by 2017 – a huge “if” – the US will have incurred an output
shortfall
equivalent to 60% of a year’s GDP.
Leaders in government, the private sector, and civil society must join us in working toward this ambitious goal.Developed countries could solve the global family-planning funding
shortfall
for a mere 20 cents per person per year, a bargain given the projected returns for individuals, families, and economies.
Developed countries could solve the global family-planning funding
shortfall
for a mere 20 cents per person per year, a bargain given the projected returns for individuals, families, and economies.
Yet the new deal anticipates that Greece will make up for the year’s fiscal
shortfall
in just five months.
For example, one of the key initiatives to address the fiscal
shortfall
is an increase in the value-added tax to 23% for almost all goods and services.
The cumulative supply
shortfall
– the authors estimate that potential output is now 7% below the pre-2007 trajectory – may be larger than the current output
shortfall
attributable to the ongoing lack of aggregate demand.
And what was a brief hiccup in the process of capital accumulation has turned into a prolonged investment shortfall, which means a lower capital stock and a lower level of real GDP not just today, while the recovery is incomplete, but possibly for decades.
The resulting
shortfall
of available resources will generate tensions between old and young.
Fear as much as institutional blockages may be the source of what is either a global savings glut or a global investment shortfall, depending on how you view it.
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