This level of trade deficit
is unsustainable and is not seen in any neighbouring country in the region.
The Commission concluded that on the basis of currently available information Cyprus, Finland, Bulgaria and Denmark have taken action representing adequate progress toward the correction of the excessive deficit
," it said in a statement.
Pakistan has been facing a major problem of high trade deficit
for several years.
But the savings glut is an independent driver of low global rates, and because the United States tends to have a very interest-elastic response to low interest rates due to the housing sector, it's not surprising that our current account deficit
has grown over this time.
While it is obviously better to have a somewhat smaller deficit
than expected, the bar has been set mighty low to call this a brilliant success.
If visual spatial deficits
are hypothesized to be primary, the following strategies may prove helpful:
Myth #2: The deficit
is manageable because it is heading in the right direction.
To make matters worse, our children will wake up in 2014 wondering where the money went when they get the bill for the federal deficit
and the unfunded gap in Social Security benefits.
In fiscal 2002, the nation's governors dosed a collective $37 billion deficit
by raising taxes by $9.
This budget snows that the issue of deficits
The popular thinking on trade deficits
is simple, appealing--and wrong
Thus, we cannot rule out the possibility that the forces behind last year's tax surge will prove transitory and dissipate more rapidly than the CBO has assumed, implying lower receipts and renewed deficits
for the years ahead.