Word: impact
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Dates: during 2010-2019
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...ratio likely to top 200%. Just as risky private-sector indebtedness caused the Great Recession, government debt, if not addressed, threatens to stall economic growth and spark renewed waves of confidence crises in global financial markets. "Attention has shifted to the second part of the story, to the impact [of the financial crisis] on government balance sheets," says David Beers, global head of sovereign ratings at Standard & Poor's in London. That has "intensified the pressure that was already there to start a process of repair...
...period. Jean-Luc Schneider, a deputy director of the economics department at the OECD in Paris, says some countries will take as many as 10 years to reduce their fiscal deficits to more sustainable levels. And since the deficits of so many nations will have to shrink simultaneously, the impact on developed economies is likely to be amplified. "Doing it all at the same time will be more painful," Schneider says...
...year-old euro-based monetary system. While euro-zone nations use the same currency, there is no mechanism in place to financially aid wayward members. That's how a crisis in Greece, which represents a mere 2.8% of the zone's GDP, can have such an outsized impact. The ultimate fear is that Greece will default, dragging down the euro with it. "A lot of the euro's problems today are rooted in those members having failed to integrate enough," says Bob Hancké, a professor of European political economy at the London School of Economics...
...recipients of the grants varied widely in scope and purpose, but the organizations were all selected for their “impact on our community and all of our children,” according to Bruno...
...heights estimated from 39 inches to six feet. Through local lore, residents know that the first wave may not be the biggest one. Indeed, because of the island's geography, the waves are expected to wrap around the islands, bouncing from one to the other, after they first make impact...