Sentences with phrase «by consumption growth»
The same one - two punch of population growth followed by consumption growth is now occurring in China (1.34 billion people) and India (1.2 billion).
https://www.scientificamerican.com/ Not exact matches
However, going back to the old model of consumption - driven growth underpinned by the housing market, all this recent positive economic news shouldn't get anyone breaking out the champagne.
The U.S. Department of Energy projects that global energy consumption will increase by 53 % between 2008 and 2035, with most of that growth coming from the long - term economic expansion in Asian countries.
Chinese dairy production and consumption has soared in the past three decades, averaging a 12.8 % annual growth rate since 2000 as a result of changing diet trends that are shifting more toward Western foods, according to a report by the Institute of Agriculture and Trade Policy.
«There was still a risk that growth in consumption might turn out to be weaker than forecast if household income growth were to increase by less than expected.»
An unbroken growth streak has created 7 million jobs and the expansion is now self - sustaining, driven by domestic consumption.
After a weak first half, the US economy in particular is strengthening: solid consumption is being underpinned by strong employment growth and robust consumer confidence.
Consumption growth was robust in the third quarter, supported by the new Canada Child Benefit, while the effects of federal infrastructure spending are not yet evident in the GDP data.
Crude consumption is also being supported by robust automobile sales, which set a six - month record in the U.S. following six straight years of growth.
Following a 7.9 % jump in GDP in 2016, India's economy will likely accelerate going into the second half of this year and begin firing on cylinders in 2018, fueled by growth in consumption, public capital expenditures and external demand.
At the same time, global consumption is expected to increase by 1.5 million barrels a day both this year and next, according to the U.S. Energy Information Administration (EIA), with North America and Asia, particularly China and India, responsible for much of the growth.
First, because they represented a transfer from net savers to net borrowers, they helped to exacerbate the split between the growth in household income (households are net savers) and the growth in GDP (which is generated by net borrowers), and so led directly to the extraordinary imbalance in the Chinese economy in which consumption, as a share of GDP, has declined to perhaps the lowest level ever recorded in history.
Over time this means that households will retain a growing share of China's total production of goods and services (at the expense of the elite, of course, who benefitted from subsidized borrowing costs) and so not only will they not be hurt by a sharp fall in GDP growth, but their consumption will increasingly drive growth and innovation in China.
«Rather, growth in disposable income (and thus in consumption) has been sustained since last year by another $ 1.4 trillion in tax cuts and extended transfer payments, implying another $ 1.4 trillion of public debt.»
The investment outlook may also depend on how much progress China can make in its efforts to enact fiscal reforms as it works through its historic shift from export - led growth to an economy led by domestic consumption.
That said, the oldest Boomers are past their «peak consumption years», meaning less spending on key categories like transportation, housing and apparel, with the windfall more than picked up by their children, netting out to about an average 0.77 % demographic driven annual growth rate across sectors through 2060.12
For example, the very strong growth in consumption spending in the first quarter was supported by a temporary boost from the Canada Child Benefit.
As a result, I observed at the time that most of the productivity «miracle» in the decade leading up to 2003 could be explained by import growth in excess of consumption growth:
In 2014, however, gas consumption growth declined by almost half.
The speed with which China's GDP growth slows in 2013 will tell us a lot about how determined Beijing is to rebalance the economy in such a way that growth is driven more by higher household income and consumption and less by investment funded by rising government and government - related debt.
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.
«We believe new competition in OTT video consumption could actually further accelerate adoption, supported by more cable set - top integrations, continued growth in connected TVs, and additional migration of content over to OTT.»
«This report discusses how tax structures can best be designed to support GDP per capita growth.The analysis suggests a tax and economic growth ranking order according to which corporate taxes are the most harmful type of tax for economic growth, followed by personal income taxes and then consumption taxes, with recurrent taxes on immovable residential property being the least harmful tax.
This was partially offset by consumption - driven gains in macaroni and cheese as well as innovation - led growth in Lunchables, Capri Sun ready - to - drink beverages, and P3.
Homeownership tends to encourage spending on durable goods and hence its depressed levels could explain why real U.S. consumption growth over 2011 - 2017 has been much weaker (by about half a percentage point annualized every quarter) than the pre-recession average.
Future demand is projected by Roskill to grow at an annual base rate of at least 9.7 % until 2025 with optimistic forecast at 15.7 % per annum consumption growth.
The other two arrows: — fiscal and structural Abe may well have pledged to prioritise growth over fiscal consolidation near - term, but he has wisely stuck by the once - delayed consumption tax hike in latter 2017.
Growth continued to be driven by domestic demand, with strong growth in consumption and public demand, moderate growth in business investment, but subtractions from dwelling investment and inventGrowth continued to be driven by domestic demand, with strong growth in consumption and public demand, moderate growth in business investment, but subtractions from dwelling investment and inventgrowth in consumption and public demand, moderate growth in business investment, but subtractions from dwelling investment and inventgrowth in business investment, but subtractions from dwelling investment and inventories.
Much of the decline has been self - imposed as communist leaders try to steer China to more sustainable growth driven by domestic consumption following the past decade's explosive expansion based on trade and investment.
M2 growth rates of 5 - 6 % or more in turn would have triggered the portfolio re-balancing plus the increased investment and consumption spending effects that were achieved by the US and the UK QE programmes.
In the past few quarters, the composition of growth has gradually shifted, with a slight slowdown in the pace of consumption growth offset by an increase in export growth, in line with the strengthening world economy.
In China, we expect a moderation of growth accompanied by a number of policy reforms that we believe could lead to sustainable levels of growth as the economy increasingly relies on rising consumption.
Domestic demand has been held back by weak consumption, which fell by 2.6 per cent over the year to the December quarter in response to restrictive measures introduced in 2002, aimed at slowing the previously very strong rates of growth in consumer credit.
The growth in domestic consumption is being fed by rising wages and a rising services sector.
Growth in the quarter was driven primarily by private spending, with consumption, housing and business investment all rising strongly.
In underlying terms, imports increased by around 2 per cent in the September quarter, with services and consumption goods imports accounting for most of the growth.
High - saving countries created employment, and low - saving countries enjoyed faster consumption growth as cheap imports meant that living standards rose by more than the increase in production — worth around half a percentage point a year in the United Kingdom.
A second - half U.S. earnings recovery will be underpinned by three key factors, we believe: a slowdown in the U.S. dollar's rise, stabilizing energy prices and solid consumption growth driven by rising wages.
Inflation certainly remains low in Europe but it is at least on a positive trajectory and growth is being led for the most part by domestic consumption.
Regional economic data in the eurozone remained positive, indicating robust growth underpinned by solid domestic consumption and export demand.
The growth in consumption over the last few years have been driven by the «wealth effect» created by people feeling richer as the value of their property has increased (have a look at my blog post from June 19th last year).
Domestic demand is expected to continue to grow solidly, buoyed by strong growth in consumption.
The recent step - up in growth has been underpinned by strong household consumption, which rose by 1.6 per cent in the September quarter, propelled by a sharp increase in disposable income flowing from recent fiscal initiatives.
As growth has slowed, China must transform its export - led economy to one fueled by domestic consumption, become a leader in technological innovation, and power these changes with renewable energy.
By analysing the growth of digital content consumption and future landscape, it's surprising how accurate he is with his decision.
Demand growth in the quarter was driven by consumption and equipment investment; some of this demand was met from abroad, as imports continued to expand at a faster pace than exports.
A consumption tax is on the flow of spending and by taxing consumption you raise its price relative to saving thereby fostering more saving resulting in greater investment in productive capital and higher long - term economic growth.
Over the four quarters to December, consumption increased by a little under 4 per cent, down from a peak growth rate of more than 6 per cent seen earlier that year.
Consumption was also supported by an increase in household net wealth in the December quarter of 4.2 per cent, driven by a substantial increase in the value of equities and rapid growth in house prices.
Growth in these markets is being fuelled by Asia's savers putting their money to work in Asia, not exporting it to the US to finance excessive US consumption.