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Unless something dramatic happens, America faces budget deficits, albeit smaller ones than in the 1980s, for the foreseeable future.The speed of fiscal decline is remarkable.
"Needless to say, this will hinder the speed of fiscal consolidation in the region and is likely to lead the debt crisis to continue to intensify," he said.
The weakness of private demand also suggests that countries that have scope to do so should allow automatic stabilizers to operate, and in some countries with fiscal space, should go even beyond this and reconsider the speed of fiscal adjustment.
Similar(57)
The revolving door has been picking up speed of late.
The winner made an average speed of 24.15 kph.
Rathmann won with a record average speed of 138.8 m.p.h.
After the announcement, the Record Council retroactively ratified Frenchman Alex Caizergues' 500-meter average speed of 50.57 knots.
Another of his planes reached a speed of 150.9 miles per hour in 1984.
To escape the moon's gravity requires a speed of 5,369mph.
It has a maximum spin speed of 1400rpm and an 8kg drum.
Lightning fighter at a speed of 1,262 miles an hour over the North Sea.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com