Word: deficits
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Dates: during 1970-1979
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...trade deficit will diminish this year, but the dollar will remain weak against the mighty German mark and Swiss franc...
...federal budget deficit will soar much higher than Jimmy Carter's overly optimistic goals for fiscal...
...most influential paper. A fiscal conservative who staunchly opposed Communism, he was named Finance Minister and Prime Minister by President Manuel Prado in 1959 and during the next two years managed to cut Peru's inflation rate from 11% to 3% and erase the government's budget deficit. Resigning in 1961 after a futile bid for the presidency, Beltran continued editing La Prensa until 1974, when the military government expropriated the paper in retaliation for his critical editorials...
Because U.S. growth will be sluggish this year, imports are expected to decline. Exports should rise because the cheap dollar makes U.S. cars, jets, grain, and other goods bargains in international markets. Those factors should trim the nation's trade deficit from a horrendous $28.5 billion last year to a merely very bad $22 billion this year. But the dollar probably will remain weak for a variety of reasons: a surfeit of $600 billion in greenbacks is sloshing around the world as a result of inflationary excesses; foreign governments are weary of spending their own currency to support...
They will have further reason to worry because the economy's decline will kill all chances of reducing the federal budget deficit from $37 billion this year to the $29 billion that Carter projects for the fiscal year beginning in October. The Board of Economists expects the deficit in fiscal 1980 to bulge to $45 billion. In fact, says Alan Greenspan, head of the economic consulting firm of Townsend-Greenspan, "Carter has a better chance of bringing in the budget below $30 billion this fiscal year than next." One reason: tax receipts this year will be up because...