Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...corner will be the U.S., dogged by a huge trade deficit and insistent that West Germany and Japan stimulate their domestic economies to help world recovery. In another corner, Europe, led by West Germany, and adamant that the U.S. cut its oil imports to straighten out its trade imbalance and firm up the dollar. In the third corner will be Japan, embarrassed by a massive trade surplus with both the U.S. and Europe and pleading for more time to cut it back by stimulating demand at home...
Indeed, about the only sign of cooling down in the economy last week was the Commerce Department's trade figures for May. Having deepened alarmingly earlier in the year, the overall trade deficit showed a slight decline, largely as a result of a drop in steel imports. Still, petroleum imports jumped another 5.8%, reflecting the nation's still increasing dependence on foreign...
...fight much harder and more effectively on the other fronts than it has so far. There is a hollow ring to calls for businessmen and workers to settle for less so long as the Government keeps pumping up inflation through its unchecked spending. Next year's federal budget deficit, which is now projected to top $50 billion, is at least an improvement on the $60.6 billion that Carter had originally proposed in January, but it is still far too large for an economy in the fourth year of expansion. Cutting the budget is the most effective way to hold...
...year, is now worth about 89? American. To check a further fall in the currency, Ottawa has made use of some $7 billion worth of credit from U.S. banks and other forms of borrowing, including the government's first foreign-bond issue in ten years. Domestically, the budget deficit is now a record $10.2 billion...
...surest way for Japan to reduce its trade surplus is to step up the expansion of its domestic economy. That would increase demand for imports as well as for domestic goods that might otherwise be exported. To this end, Prime Minister Fukuda has pledged his government to a huge deficit-spending program, which includes $22 billion for improving Japan's long neglected highways, bridges and pollution controls. Another $10.5 billion is being spent for 550,000 sorely needed new housing units. As a consequence, consumer spending is reviving, the once mountainous backlog of inventories is fast being depleted...