Word: deficits
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Dates: during 1950-1959
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...some of whose principal results are a steel mill whose products cost half again as much as German imports, an auto plant in Barcelona that builds ersatz Fiats for more than twice the cost of the real thing, thousands of luxury apartments still unrented, a $300 million annual trade deficit, an inflation that nearly doubled the amount of currency in circulation in five years (from 37 billion to 70 billion pesetas) and brought a 40% increase in the cost of living the past two years...
...DEBT LIMIT boost of $7 billion will soon be requested by Treasury Department to make up for current budget deficit and lag in corporate tax receipts next fall. It will ask that $288 billion temporary debt ceiling be raised to $295 billion, but hopes budget will balance...
...been in three decades. Spurred by last December's 17.5% devaluation of the franc, exports are now almost high enough to match imports, producing a tidy surplus in the balance of payments. Industrial production is on the way up again. The government has cut its heavy budget deficit (caused largely by the Algerian war) to half the 1,200 billion francs predicted earlier. The government had expected prices to rise 7% after devaluation, but they are up only...
There was also the victory over Holy Cross in front of about 500 intensely partisan Crusader fans. In this game, the varsity overcame a 2 to 1 half-time deficit and played calmly throughout the last half...
...between exports and imports has narrowed so fast that it is now running at an annual rate of $1.1 billion, against as much as $6 billion in many postwar years. With U.S. foreign aid and U.S. private investment abroad still high, the U.S. has a $3.3-billion-a-year deficit in payments...