word
Cyclical Deficit
SIK-lih-kul DEF-ih-sit
/ˈsɪklɪkəl ˈdɛfɪsɪt/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
cyclicaldeficit
Dictionary meaning
The part of a government's budget deficit caused by the economy operating below its potential output; it automatically diminishes as the economy recovers and tax revenues rise while welfare spending falls
Examples
- The Treasury attributed most of the widened deficit to cyclical factors tied to the recession, not to new spending programmes.
- Once the cyclical deficit closes, the remaining imbalance reveals the underlying structural problem.
Synonyms: cyclically adjusted deficit, output-gap deficit
Pronunciation tips
Six syllables; stress the first and fourth: CY- and DEF-
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