Deccanchronical: At a time when the world recognises that mere
GDP growth as a development goal is a false promise, and with the UN now making «happiness» a development goal, a number of countries are turning to the little Himalayan kingdom of Bhutan for lessons.
If we adjust the rate of CO2 increase proportionately to the rate of population growth, or to the expected rate of
GDP growth as was posulated by tempterrain of 3 % / year GAGR, we arrive at a lower temperature increase by 2100.
Remember that in terms of «debt productivity» each additional dollar of debt has less and less impact on
GDP growth as a larger percentage of the new debt has to be used to service the existing debt.
Because the amount of bad debt in each period is almost certainly a growing number, it must follow logically that the GDP growth number observers really want, rather than the one they have — that is,
GDP growth as a systems output that can serve as a proxy for debt - servicing capacity — is a declining number, and perhaps even a quickly declining number.
In my email, I went on to discuss why this matters so much and why it is incorrect to think of China's
GDP growth as growth in China's underlying economy (or in its debt - servicing capacity, or its productive capacity, or however else one prefers to think of GDP).
During her press coverage, Fed Chair Janet Yellen expressed doubt that the U.S. economy can grow much faster than 2 percent annually over the next couple of years, placing her squarely at odds with President Donald Trump, who campaigned on a pledge to boost
GDP growth as much as 4 percent.
Not exact matches
For year over year
GDP growth, «real
GDP» is usually used,
as it gives a more accurate view of the economy.
Florida and Georgia ranked fifth and sixth in state
GDP growth in 2016, with South Carolina and Tennessee cracking the top 15
as well.
To the Fed's credit, the majority of FOMC members in January 2008 based their policy decisions on the mounting dysfunctional behavior of the financial markets rather than ephemeral coincident indicators such
as real
GDP growth.
The blue bars represent real
GDP growth for these same 2007 four quarters
as estimated in September 2013.
If real
GDP were to increase at 10.3 % instead of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to economic
growth (this calculation assumes that nominal
GDP grows at the same proportion
as real
GDP; it is more likely that nominal
GDP would rise even higher
as such quick economic
growth would be inflationary, pushing that $ 6.6 billion figure even higher).
Inflation is running faster and
GDP growth has picked up
as well, though business investment remains soft and consumer spending is posting moderate gains.
As time passes, the consequences of excessive GDP optimism grow more significant, especially as the CBO now projects lower growth than it did in 200
As time passes, the consequences of excessive
GDP optimism grow more significant, especially
as the CBO now projects lower growth than it did in 200
as the CBO now projects lower
growth than it did in 2001.
As of January 2001, the CBO foresaw another decade of 3 % real GDP growth, 3 % inflation, unemployment at 5 % or below, and flat - as - a-pancake interest rate
As of January 2001, the CBO foresaw another decade of 3 % real
GDP growth, 3 % inflation, unemployment at 5 % or below, and flat -
as - a-pancake interest rate
as - a-pancake interest rates.
GDP was so strong to start the year that the Bank of Canada likely will have to raise its
growth estimates for the first quarter from the current 1 % to
as much
as 3 %.
As impressive as Alberta's GDP growth has been, a stickier reason to invest there is its expanding populatio
As impressive
as Alberta's GDP growth has been, a stickier reason to invest there is its expanding populatio
as Alberta's
GDP growth has been, a stickier reason to invest there is its expanding population.
While Canada's economy
as a whole struggles to move forward —
GDP growth is expected to hit around 2.3 % this year — the country's fourth most populous province will grow at about 3.7 %, according to the Royal Bank of Canada.
We don't see those red flags on the horizon
as we enter the new year, so we continue to believe that 2018 will witness strong U.S. and global
GDP growth.
GDP growth has long been one of the main criteria used to judge officials» careers —
as a result, the relevant data is warped at every level, since the folk reporting it are the same ones benefitting from it being high.
In a recent commentary, he notes U.S. debt
as a percentage of
GDP has already seen exponential
growth in the past two years, after climbing steadily since 2000.
Indeed,
as labour economist Jim Stanford recently pointed out, our
GDP growth fell behind six of the G7 in the second and third quarters of last year, beating only Italy with an average advance of 1.7 % during the six - month period.
In a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s,
growth in Canadian labour productivity, defined
as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countries.
As a report from the International Monetary Fund (IMF) observes, «Uncertainty about future exchange rates and
GDP growth reduces flows into equities.»
Encouraging small businesses to become exporters could also drastically increase
GDP growth, he says,
as much of future consumer demand is likely to come from overseas.
Emerging markets also account for over 50 % of world
GDP, and have been responsible for the lion's share of global
growth ever since the 2008 financial crisis, but capital has flooded out of them
as the Federal Reserve has tightened its monetary policy and the limits of China's economic model have become apparent.
«It doesn't only matter how big
GDP is in the future, but also how it gets there, such
as by slow steady
growth, or by periods of rapid
growth mixed with recession,» he said.
Belgium, in particular, has 26 years with debt - to -
GDP above 90 percent, with an average
growth rate of 2.6 percent (though this is only counted
as one total point due to the weighting above).
«I think you're going to see higher interest rates, I think you're going to see higher
growth rates from
GDP, that's going to benefit Goldman in a lot of ways, one of which is M&A activity should be picking up, particularly
as cash gets repatriated from abroad and companies use that cash to purchase other companies,» he argued.
They find «the average real
GDP growth rate for countries carrying a public debt - to -
GDP ratio of over 90 percent is actually 2.2 percent, not -0.1 percent
as [Reinhart - Rogoff claim].»
The Washington Post editorial board takes it
as an economic consensus view, stating that «debt - to -
GDP could keep rising — and stick dangerously near the 90 percent mark that economists regard
as a threat to sustainable economic
growth.»
However,
as in many other oil - producing states,
GDP growth was weak.
As I explained last week, one way to avoid a statutory recession is for past data to be revised to show
growth in the first quarter of 2015 (and this could still happen in future
GDP releases, so the issue of a statutory recession has not been fully settled).
Journalists often treat
GDP as a way to keep score; Canadian newspapers trumpeted the OECD's interim economic outlook in April, for instance, which predicted Canada's
growth would be the best in the G7 during the first half of this year.
As long as low domestic consumption (currently in the range of 40 - 50 % of GDP, based on varying estimates) continues to constrain demand, Chinese growth is unlikely to pick up speed anytime soo
As long
as low domestic consumption (currently in the range of 40 - 50 % of GDP, based on varying estimates) continues to constrain demand, Chinese growth is unlikely to pick up speed anytime soo
as low domestic consumption (currently in the range of 40 - 50 % of
GDP, based on varying estimates) continues to constrain demand, Chinese
growth is unlikely to pick up speed anytime soon.
And most important, there will be modest but real
GDP growth — between 2.6 % and 2.8 % in the U.S., higher in emerging economies —
as a resilient world defies fears of a China - driven crash.
As Business Insider's Sam Ro wrote: «Golub believes 2015, as in 2014, will be highlighted by healthy US GDP growth, lackluster global growth with China and Japan getting worse, elevated profit margins, low volatility, and most multiple expansion, that is higher price / earnings (P / E) multiple
As Business Insider's Sam Ro wrote: «Golub believes 2015,
as in 2014, will be highlighted by healthy US GDP growth, lackluster global growth with China and Japan getting worse, elevated profit margins, low volatility, and most multiple expansion, that is higher price / earnings (P / E) multiple
as in 2014, will be highlighted by healthy US
GDP growth, lackluster global
growth with China and Japan getting worse, elevated profit margins, low volatility, and most multiple expansion, that is higher price / earnings (P / E) multiples.
The only call to action was for governments to do more to encourage economic
growth,
as finance ministers acknowledged they had fallen behind on their 2014 promise to increase
GDP by 2 %.
«While we see a potential drop in total number of U.S. jobs created in 2017,
as reported by Kiplinger,
as well
as an overall expected drop in
GDP growth, the cannabis industry continues to be a positive contributing factor to
growth at a time of potential decline,» says De Carcer in a statement.
Despite continued strong
GDP growth, many investors still see that part of the world
as risky.
In other words,
as Friedman preached, it's the fundamentals underpinning
GDP — basics such
as consumer spending and capital investment — that will guide earnings
growth in the years ahead.
«China's economic
growth has slowed over the past few years... but economic
growth has rebounded this year, with
GDP reaching 6.9 % in the first half, and may achieve 7 % in the second half,» Zhou was quoted
as saying at the G30 International Banking Seminar in Washington on Sunday.
Uncertainty shock = lower US
GDP estimates; markets will price in EU fragmentation; Fed likely to pass in Dec; ultimate
growth impact of Trump will depend on whether his protectionism or Keynesianism triumphs; either way Trump will boost inflation / stagflation expectations
as electorates say end wage deflation via immigration controls, trade protectionism, fiscal spending.
Hoguet, who is not a millennial, went on to note that Macy's internal economists accurately predicted a number of metrics last year when crafting the company's three - year plan — such
as GDP growth, inflation, employment and wages — but missed the mark on GAAP
growth, and fell short on sales of general merchandise, apparel and furniture, partially because they didn't predict how much off - price retail and consumer electronics would weigh on sales.
Growth in other revenue sources, such as Corporations Tax and Mining Tax, can differ significantly from growth in nominal GDP in any given year, due to the inherent volatility of business profits as well as the use of tax provisions, such as loss car
Growth in other revenue sources, such
as Corporations Tax and Mining Tax, can differ significantly from
growth in nominal GDP in any given year, due to the inherent volatility of business profits as well as the use of tax provisions, such as loss car
growth in nominal
GDP in any given year, due to the inherent volatility of business profits
as well
as the use of tax provisions, such
as loss carrying.
On the one hand, the U.S. central bank is in moving into tightening mode, while on the other is China's central bank is devaluing its currency
as that country deals with a
growth recession (despite the positive
GDP number they are reporting publicly).
Growth in several tax revenue sources, such
as volume - based fuel and gasoline taxes, is more closely aligned to the real economy (that is, real
GDP) than the nominal economy.
Michael's post seems to have three suppositions: Chinese companies price capital incorrectly; Chinese companies invest in value destroying projects; There is no correcting accounting mechanism in China for these projects
as exist in other countries, thusly Chinese
GDP inflates «real»
growth and debt servicing ability.
Here's a point I made in that post, regarding
GDP growth: «the current economy is like a slow runner who still hasn't caught up to a goal line that's moving closer
as she runs towards it.»
How are trends such
as automation, an exploding middle class, and stable
GDP growth changing the investment landscape?
The increase in hiring by small businesses is an encouraging sign for the economy amid estimates that the 16 - day government shutdown could have sliced off
as much
as 0.6 percentage point from fourth quarter gross domestic product (
GDP)
growth.