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It is subsidising the balance of payments deficit.
Should a country develop a big balance of payments deficit, adjustment ought to occur automatically.
He was referring to the financing of our vast current balance of payments deficit.
The focus on the budget deficit has diverted attention from a growing balance of payments deficit.
We have the biggest balance of payments deficit I've seen in my career.
The principal macroeconomic problem facing the British economy is the size of its balance of payments deficit.
Similar(6)
Its exports rose, and its imports declined, correcting the balance-of-payments deficit.
Despite a mounting balance-of-payments deficit and inflation, the peso held steady.
At the Commerce Department, Dr. Brimmer's primary responsibility was to reverse the country's balance-of-payments deficit.
The government has sought to keep the balance-of-payments deficit within reasonable bounds by slowing the economy.
For countries such as the United Kingdom, West Germany, or Brazil to accumulate dollars, the United States had to run a balance-of-payments deficit.
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