Governments and central banks have supported the recovery with huge fiscal deficits and near-zero interest rates.
So as well as fiscal deficits, Russia could face current account deficits unless oil keeps climbing.
Surely Tokyo knows it must confront huge fiscal deficits exacerbated by an aging population.
It is also to focus as much on debt levels as on annual fiscal deficits.
And it must do so within a defense budget being shrunk to help contain mammoth fiscal deficits.
Because our yawning fiscal deficits have not driven bond yields significantly higher, he sees no reason to curtail spending.
They will also struggle, probably in vain, to make the much-abused ceilings on euro members' fiscal deficits more enforceable.
Judging by fiscal deficits alone, it is America and Britain that should fret.
After all, the currency has no yield support, a continuing trade deficit and the prospect of endless fiscal deficits.
Jamaica has run fiscal deficits in 44 of its 50 years of independence.
If history is a guidepost, the Fed will probably overshoot, and the fiscal deficits will turn out larger than anticipated.
Voters remember Mr Clark for fiscal deficits, fudged budget figures, stiff tax increases and huge cost overruns on a ferry project.
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What brought Argentina down was the combination of its fixed exchange rate, which made its currency uncompetitive, with persistent fiscal deficits.
The banks, not fiscal deficits, will be the undoing of the euro.
Countries can elect to get their fiscal houses in order over time, getting the fiscal deficits below the growth of nominal GDP.
Policymakers in the euro area find themselves constrained by the fiscal deficits that make it difficult to inject stimulus into their economies.
Those three are all running fiscal deficits, yes, but also primary deficits.
And that is especially true when a government runs large fiscal deficits.
The new era is one in which governments are using floating exchange rates, near-zero interest rates and vast fiscal deficits to protect their economies.
It has caused investors to reflect whether the next round of the crisis might involve sovereign debt, given the huge rise in fiscal deficits.
And that means the U.S. savings rate will be rising, so reducing the need for foreign financing of America's twin current account and fiscal deficits.
Ghana's 12-place decline in the index is blamed mostly on its worsening macroeconomic situation, characterised by large fiscal deficits, rising public debt and high inflation.
Not getting our fiscal deficits under control risks the whole economy.
The next link is fiscal deficits, and the next sovereign debt.
From artificially low interest rates and devalued dollars to fiscal deficits rewarding idleness, federal policies prodded us from savers to borrowers and from producers to consumers.
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The economists conclude that this effect can operate in some conditions, especially when high fiscal deficits are already causing a crisis of confidence, as in Greece.
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The financial crisis and economic downturn also have worsened fiscal deficits and public debt levels, especially in developed countries where economic activity has been slower to recover.
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That's because of burgeoning fiscal deficits (lower government saving) and falling corporate savings (the result of falling profits, which can drop by around one-third in economic recessions).
They'll stop funding U.S. fiscal deficits and profligate bailout packages.
Across Caricom, fiscal deficits have ballooned since the late 1990s.
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