balance-of-payments problem

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Definitions from WordNet

Noun balance-of-payments problem has 1 sense

balance-of-payments problem - an economic problem caused by payments for imports being greater than receipts for exports
--₁ is a kind of problem, job

Definitions from the Web

Balance-of-Payments Problem

Definition: The balance-of-payments problem refers to a situation where a country's imports exceed its exports, causing an imbalance in its international trade and leading to economic challenges.

Sample Sentences:

Due to a persistent balance-of-payments problem, the country's currency has significantly depreciated against foreign currencies.
The government is implementing various measures to address the balance-of-payments problem and boost domestic production.
Companies are struggling to remain competitive in the global market due to the country's recurring balance-of-payments problem.

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