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Economics vocabulary · Economic News and Data

Narrow

Meaning in economics, with examples

/ˈnærəʊ/verbCommon term

In economics, narrow means: To become smaller, used for a gap between two figures such as a deficit, the difference between two interest rates or a difference in pay.

In Turkish: daralmak, azalmak, kapanmak

How it is used

The opposite of widen: the trade deficit narrowed, the gender pay gap is narrowing. It can also take an object: measures to narrow the deficit. As an adjective, narrow means small or limited: a narrow majority, a narrow definition of money.

Example sentences

  1. The trade deficit narrowed in March as imports fell.

  2. The government hopes higher tax revenue will narrow the budget gap.

Common collocations

  • the deficit narrowed
  • narrow the gap
  • narrow sharply
  • a narrowing deficit
  • widenTo become larger, used for a gap between two figures such as a deficit, the difference between two interest rates or the gap between rich and poor.
  • budget deficitThe gap that appears when a government spends more than it collects in taxes and other revenue during a year; it is usually covered by borrowing.
  • trade deficitThe gap that appears when the value of a country's imports of goods, and sometimes services, is greater than the value of its exports over a period.
  • current account deficitA shortfall that arises when a country pays more to the rest of the world for goods, services, income and transfers than it receives.

More terms: Economic News and Data

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