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EXAMPLES FROM CORPUS
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A record balance of payments deficit is not the right background for enforced increases in industrial costs.
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High military expenditure will fuel inflation, reduce international competitiveness, and balance of payments crises will occur as public debt increases.
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In the depths of recession, we are in a balance of payments deficit.
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Inflation was brought down to below 5 percent, the balance of payments remained healthy and productivity improved rapidly.
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It should be emphasized that private markets have remained the main source of financing for countries with balance of payments problems.
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We will examine this mechanism in detail in Chapter 22, when we focus on the balance of payments and exchange rates.
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What is more, 20 million tonnes of imported coal means another £1,000 million added to the balance of payments deficit.
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When the accountants finish their calculations, all countries have an overall balance of payments equal to zero.