In Latin America and the Caribbean and Asia, services trade deficits have shown positive signs of reducing over the past decade, whereas in the Middle East and the transition economies deficits have grown.

There is nothing progressive about large budget deficits and a rising debt to GDP ratio. After all, large deficits have no reliable effect on reducing unemployment, and deficit reduction can be consistent with falling unemployment.

Because of economic recession, it was often not possible to reduce budget deficits, either by reducing government expenditures or by increasing taxes.

Second, whereas a significant component in achieving macroeconomic stability is reducing the budget and current account deficits, it is now recognized that there are no simple formulas or policies as regards the optimum levels of these two deficits.

The European Union s Maastricht criteria, which cap deficits at 3 of GDP, belong in the same category a measure that could be relaxed as the political pressure changed, but which did help initially in reducing deficits and borrowing costs.

Given Europe s fiscal deficits and the economic impact of reducing them, that is a huge potential prize. But, first, the issues depressing the carbon price must be addressed.

America s Three Deficits

Loving America s Deficits

Unless and until the US faces up to its chronic aversion to saving namely, by reducing massive federal budget deficits and encouraging the rebuilding of severely depleted household saving multilateral trade deficits will persist. Simple arithmetic and basic economics tell us that a multilateral problem cannot be addressed by a bilateral solution.

Good and Bad Deficits

We have vast budget deficits.

America u0027s Other 87 Deficits

Attention switched to the problem of fiscal deficits and the relationship between deficits and economic growth. Should governments deliberately expand their deficits to offset the fall in household and investment demand?

Mitt Romney and America s Four Deficits

Who Will Run the World s Deficits?

Cash deficits of closed peacekeeping missions

Reducing?

If Italy, Spain, and France were not part of the eurozone, they could allow their currencies to devalue weaker exchange rates would increase exports and reduce imports, eliminating their current account deficits. Moreover, the increase in exports and the shift from imports to domestically produced goods and services would strengthen their economies, thereby reducing their fiscal deficits as tax revenues rose and transfers declined.

Reducing nuclear danger

C. Reducing vulnerability

Reducing debt burdens

Are you reducing?

These achievements would contribute to enhancing economic growth and reducing poverty, reducing child mortality and improving maternal health, and reducing the spread of HIV.

Sustainable and Excessive Current Account Deficits, by Helmut Reisen

Fiscal deficits have been reduced by half in the past five years, and external current account deficits are down to 2.5 per cent of GDP.

(o) Reducing nuclear danger

Reducing mortality in childhood

Reducing the ERW problem

(o) Reducing nuclear danger

(o) Reducing nuclear danger

6. While large current account deficits could be financed for prolonged periods, such deficits significantly increased the vulnerability of a country s economy to variations in international capital flows.

In fact, US trade deficits are primarily the result of insufficient, mainly government, saving not a misaligned exchange rate, as economists have led policymakers to believe. Large US budget deficits during Ronald Reagan s presidency generated the famous twin fiscal and trade deficits of the 1980 s.

57 84. Reducing nuclear danger

58 47. Reducing nuclear danger

59 79. Reducing nuclear danger

60 79. Reducing nuclear danger

61 85. Reducing nuclear danger

62 32. Reducing nuclear danger

Reducing demographic pressure on forests.

Goal 1 reducing feminized poverty

Reducing the costs of remittances

59 79 Reducing nuclear danger

Reducing poverty and promoting equity

I'm reducing your rank, Dixon.

But, in large part and with a few exceptions in Central and Eastern Europe emerging market economies improved their fiscal performance by reducing overall deficits, running large primary surpluses, lowering their stock of public debt to GDP ratios, and reducing the currency and maturity mismatches in their public debt. As a result, sovereign risk today is a greater problem in advanced economies than in most emerging market economies.