But the expansion was pulled up sharply by a balance of payments crisis.

The government responded to the payments crisis with a credit squeeze.

The nation also faced a dire balance of payments crisis.

Europe suffers a balance of payments crisis despite not having a current account deficit.

Pakistan had what was described as a "growing balance of payments crisis".

Egypt's economy faces a balance of payments crisis, and is also being further undermined due to high state borrowing costs.

Either situation may result in a country's living beyond its means and facing a foreign payments crisis and economic stagnation.

But in 1991, facing a severe balance of payments crisis, the Indian government began loosening its hold on the economy.

The payments crisis has given a lift to the project's opponents.

The problems in Europe there is a balance of payments crisis.