Sentences with phrase «gdp growth last»

GDP growth last quarter reached 3 percent way ahead of schedule; nobody thought that was going to happen for a long time.

Not exact matches

The IIF estimates non-hydrocarbon real GDP growth at 2.7 percent in 2018 and 2019, compared to 1 percent last year, mainly driven by fiscal stimulus.

GDP growth was sluggish in the U.S. last year.

The contribution to GDP from real consumption is now at 2.1 % and up 0.8 % from early 2014 (the last time trade was a «neutral» contributor to topline growth.»

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 the last decade, the state has enjoyed an average annual GDP growth of 5.5 %, the highest among Mexico's 31 states.

That's why a brightening economic picture in 2013 (U.S. GDP grew by an average of 3.4 % in the second half of 2013 and job growth was the highest since the end of the recession) helped improve TravelCenters» performance and stock last year.

«The argument is the types of things we're doing now with information technology just don't show up in GDP because a lot of what we do on the Internet is free,» or very nearly so, says Philip Cross, a former chief of economic analysis at Statistics Canada who wrote a paper on the slow - growth economy for the Fraser Institute think tank last year.

Because consumers are such a crucial driver of GDP, governments the world over have spent the last several years trying to coax consumers to open their wallets to fuel economic growth.

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).

Williamson said the PMIs pointed to fourth - quarter GDP growth of 0.1 percent, weaker than the 0.2 percent predicted in a Reuters poll last week, but that very weak expansion is coming at a cost: firms cut prices for the 33rd month.

Washington led all states in GDP growth and exports per capita last year.

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.

Indeed, GDP growth has slowed from a peak of 3.1 % last year to virtually nothing.

Based on the type of relations I presented last night, this forecast clearly presumes above trend GDP growth, which in turn assumes current headwinds are largely temporary.

Last November, the International Monetary Fund (IMF) commended the government of Mali's deficit reduction, praising GDP growth of more than 5 % arising from strong harvests and government spending, even as the cost of oil imports moved higher.

TD is also now forecasting nominal GDP growth of only 1.1 % in 2015 considerably less than the almost 4 % growth forecast by the government last November.

Brazil's GDP grew by only 1 % last year, and may not grow by more than 2 % this year, with its potential growth barely above 3 %.

In contrast to the 3 % GDP growth widely reported for the latest quarter, year - over-year growth in GDP, after peaking at 3 1/2 % in Q3 / 2010, has basically flatlined around 1 1/2 % for the last three quarters.

Its gross domestic product (GDP) for the second quarter rose 6.9 percent over the same period last year, beating expectations and putting the country on track to meet the International Monetary Fund's 2017 growth forecast of 6.5 percent.

Private sector GDP growth for the last year has averaged 1.3 percent a level that has since the 1960s always presaged recession.

If you multiply China's GDP growth by its share of global GDP, you will find that Chinese growth over the last few years has comprised a larger share of global GDP growth than that of any other country.

While there are some signs of recognition such as the Fed's reduction in its estimated neutral rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit use of the term secular stagnation in its World Economic Outlook, ECB president Mario Draghi's call for global coordination and greater use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP growth is likely to be the primary macroeconomic policy challenge for the next decade.

Which has been almost universally strong, including a GDP report last week that confirms the country is in the middle of its strongest growth spurt in more than a decade and eating into slack much more quickly than the Bank of Canada had anticipated only two months ago.

In the last two years as the bull argument has been pummeled into reality by the surge in debt, the persistent failure of consumption growth to close the gap with GDP growth, and the sharp slowdown in overall growth, the mood abroad has turned increasingly bearish, to the point that many people are speaking about a China collapse and the horrible implications this will have for the rest of the world.

Last week's preliminary GDP report for Q1 revealed a slowdown in growth.

During the last ten years, there has been a 71 % correlation between the adjusted Philadelphia Fed Index and real GDP growth.

The numbers could be an indication that economic growth is rebounding in the last three months of the year after GDP growth dropped to a meagre 0.6 per cent between July and September.

The differential in real GDP growth between emerging and developed markets narrowed from ~ 7.5 % at its 2009 peak to ~ 2.5 % in 2015 as Chinese growth moderated and the commodity rally, which spanned most of the last decade, lost steam.

In China, growth in activity appears to have maintained the extremely rapid pace seen last year, with GDP expanding by 9.7 per cent over the year to the March quarter.

It so happens that the latest GDP growth rate figure, for the last quarter of 2017, was just shy of 4.5 percent.

 Mr. Poloz himself bent over backwards in his last Monetary Policy Report to not use that term — even though the Bank's own numbers (projecting negative GDP growth for both the first and second quarters of 2015) suggested a recession was indeed already underway. Instead, public officials are normally sanguine and rose - coloured in their public pronouncements, hoping to incrementally shift consumer confidence with their cheeriness, and thus spark more spending. [A ridiculous extreme of this approach was provided when George Bush blithely encouraged Americans to go shopping in the days after the 9 - 11 terrorist attacks.]

Last year, for example, the Congressional Budget Office estimated that fiscal headwinds slowed the pace of real GDP growth in 2013 by about 1-1/2 percentage points relative to what it would have been otherwise.

Last year non-oil GDP growth dropped from 15.7 % to 3.2 %.

The latest Consensus forecasts are for GDP growth in the G7 group of countries of 1 1/2 per cent in 2003, similar to that achieved last year, rising to 2 1/2 per cent in 2004 (Graph 1).

Last week, new claims for unemployment remained within their recent range at 457,000, GDP growth came in at a disappointing 2.4 % for the second quarter, nearly half of which represented inventory accumulation, the ECRI Weekly Leading Index deteriorated to a -10.9 % growth rate, and the markets were cheered somewhat by a Chicago Purchasing Managers Index above 60.

After two years of contraction, Russian GDP returned to growth of 1.5 percent last year on the back of higher oil prices, still short of a government target of 2 percent.

So the question naturally becomes, should «fair» or average equity valuations in a 1 1/2 -2 % GDP growth world be the same as what has considered fair valuation for equities in a 3 1/2 -4 % GDP growth world of the last 60 years?

But we need to remember that the average growth rate for US GDP in economic expansion cycles of the last six decades has been roughly 3 1/2 -4 %.

Modest growth in export quantities and prices, together with flat imports (on a quarterly basis), pushed the March quarter balance on goods and services back into a surplus of around half of one per cent of GDP, reversing the deterioration late last year.

Then he showed a table with GDP growth figures in the last nine bull rallies.

The other big fact is that in his last budget, Obama has committed to restraining Medicare spending growth to GDP +.5 %.

GDP growth has been broadly flat in the last nine months.

Last year, when load - shedding reached its peak over a three - year period, the economy recorded its lowest growth in 15 years: expanding by 3.9 percent mainly, on due to a slump in commodities prices and energy supply deficit, which affected the manufacturing, industries and services sectors... the biggest contributors to the country's GDP.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

The contraction of gross domestic product (GDP) in April, May and June follows negative growth of 0.3 % in the first three months of the year and 0.4 % in the last quarter of 2011.

With a total population of 1.3 billion people and a GDP growth rate last year of 7.8 per cent, albeit down from 9.3 per cent in 2011, it is set to become the largest economy in the world within a generation.

GDP growth has been broadly stagnant in the last nine months.

Behind it must be a plan that focuses on growth, that has the answers on debt interest (higher as a proportion of GDP under Thatcher), that explains as John Denham did last night why we spent money — that we spent to protect jobs, houses and families.

The latest GDP figures, albeit provisional, are expected to serve as an encouragement to government of a rebound in economic activities, as Finance Minister Seth Terkper in June last year announced to Parliament that government had revised its expectation of economic growth for 2015 from 4.1 percent to 3.5 percent.