We expect to see GDP fall by 1 per
cent at annual rates in the second quarter, and then grow by 3.5 per cent in the third quarter as oil production resumes, rebuilding around Fort McMurray begins and the new Canada Child Benefit lifts consumption.
Not exact matches
The global market for voice AI speakers is expected to grow
at a compound
annual rate of 43 per
cent to reach US$ 2.1 billion by 2020, according to analysis firm Gartner.
The economy grew
at an
annual rate of 0.4 per
cent in the October - December quarter, the Commerce Department said Thursday.
Yet the Prime Minister's Office appears to think an economy that has been growing
at an
annual rate of around three per
cent for nearly a year is too weak to absorb interest
rates that still are near record lows.
The economy grew
at a subpar 1.7 per
cent annual rate in April - June quarter, the government said Wednesday.
However, fresh data released Friday showed the U.S. economy shrank in the first quarter, contracting
at an
annual rate of 0.7 per
cent.
After accounting for the impacts of measures and adjustments, the Sales Tax revenue base is projected to grow
at an average
annual rate of 4.3 per
cent over the forecast period, roughly consistent with the average
annual growth in nominal consumption of 4.0 per
cent over this period.
Revenues are projected to increase
at an average
annual rate of 3.8 per
cent over the 2013 — 14 to 2016 — 17 period.
The U.S. Commerce Department this year revised its first - quarter GDP data from negative to positive growth, and its second - quarter data from 0.6 per
cent growth,
at annual rates, to 0.9 per
cent — a rather different economic picture.
The good news culminated this summer with a StatsCan report that showed gross domestic product expanded
at an
annual rate of 4.5 per
cent in the second quarter.
Business investment has been a major driver of growth in recent years, expanding by 18 per
cent over the past year, and
at an average
annual rate of 14 per
cent over the past three years.
As a result, underlying inflation is likely to trough
at an
annual rate of around 1 3/4 per
cent at the end of 2004, rising to around 2 1/2 per
cent by late 2005.
Housing credit grew
at an
annual rate of just under 19 per
cent over the first half of 2000, compared with 16 1/4 per
cent over the previous six months.
In real terms service exports have been growing
at an average
annual rate of close to 20 per
cent over the past 10 years.
Over the first half of 1999, consumer spending grew
at an
annual rate of 4.8 per
cent, around the same pace as was recorded in the second half of 1998.
The pace of growth in housing credit nonetheless remains brisk, and now appears to have stabilised,
at an
annual rate of around 12 1/2 per
cent over the six months to December.
The economy is now
at an advanced stage of its current expansion and has continued to show greater strength than had been generally expected, with real GDP growing
at an average
annual rate of more than 4 1/2 per
cent, and domestic final demand
at over 5 per
cent, for the past three years.
Business credit has accelerated in recent months, growing
at an
annual rate just under 13 per
cent over the first half of 2000, compared with 4 3/4 per
cent over the previous six months.
Housing construction grew
at an
annual rate of 12.9 per
cent, the fourth consecutive quarter of double - digit growth.
Credit outstanding increased
at an
annual rate of more than 15 per
cent over the first half of this year, and by just over 13 per
cent over the year to June.
The Wage Cost Index continues to record wages growth
at an
annual rate of around 3 1/4 per
cent, and there has been little change in the wage increases being negotiated under enterprise bargaining, which continue to yield average annualised increases in the 3 1/2 to 4 per
cent range.
Broad money increased
at an
annual rate of 14 per
cent over the six months to March, compared with 16 per
cent growth in total credit (Graph 64).
Broad money and M3 grew
at annual rates of 9.8 per
cent and 11.2 per
cent over the six months to September.
Nonetheless, India's trade has been increasing rapidly, growing
at an average
annual rate in real terms of around 13 per
cent over the past 10 years — twice the
rate of overall world trade.
Nevertheless, the growth of credit to both the household and business sectors remains high, with aggregate credit growth still running
at an
annual rate of 12 per
cent over the six months to December 2004.
Spending by the federal government shrank
at a 1.6 per
cent annual rate.
At 1
cent per point, your rewards
rate is a solid 2 % for as long as you stay below $ 50,000 in
annual purchases.
Over the past decade, household debt in Australia has grown
at an average
annual rate of just under 15 per
cent.
[6] But this has not stopped overall Australian export volumes growing strongly; they have risen
at an average
annual rate of 7 1/2 per
cent in real terms over the past five years.
Currently, credit to the household sector is growing
at an
annual rate of about 20 per
cent, well in excess of what could be considered sustainable in the medium to longer term (see the chapter on «Credit Growth» for a detailed discussion).
The main impetus to this increase has come from China's demand for resources, with resource exports having grown
at an average
annual rate of 15 per
cent over the past decade (Graph B2).
Total credit increased
at an
annual rate of 13.9 per
cent over the six months to June, slightly faster than growth over the previous six - month period (Graph 59).
Household credit has grown
at an average
annual rate of 14 per
cent since the mid 1990s, and by almost 20 per
cent over the past year.
Household credit increased
at an
annual rate of 23 per
cent over the six months to December, and continues to be underpinned by strength in housing credit.
In the first half of 1998, AWOTE increased
at an
annual rate of 3.6 per
cent, compared with
annual increases of around 4 per
cent prevailing over much of the preceding two - year period.
Consumer price inflation has been relatively steady over recent quarters
at an
annual rate of around 2 1/2 per
cent.
Award wages, in contrast, have for a number of years been growing more slowly than wages in other bargaining streams,
at annual rates of around 1 1/2 per
cent.
Borrowing from financial intermediaries has also picked up strongly over recent months, growing
at an
annual rate of 13 per
cent over the second half of 2003.
Real GDP rose
at an
annual rate of 4 per
cent in the first half of the year, supported by robust growth in domestic demand.
Over the second half of last year, personal credit recorded a solid pace of growth, and revolving credit secured against residential mortgages increased
at an
annual rate of around 27 per
cent.
The level of consumer prices was almost unchanged over the six months to June, while wholesale prices over that period declined
at an
annual rate of around 2 per
cent.
Total employment has been growing
at an average
annual rate of around 1 per
cent for much of the past two years.
Broad money, which comprises currency and deposits, has been growing
at annual rates around 10 per
cent for the past year.
In recent months, total credit has been growing
at annual rates around 10 per
cent, with personal credit growth slightly stronger than the total.
Since April, the Bank of Canada had been talking about a potential
rate increase in the context of an «economic expansion» that failed to achieve the velocity that policy makers expected, keeping a lid on inflation, which the central bank is mandated to contain
at an
annual rate of about 2 per
cent.
Morningstar expects Challenger's earnings per share to increase
at a compound
annual rate of 10.4 per
cent a year between 2018 and 2022.
By 2021, markets for naturally healthy (US $ 291 billion), food intolerance (US $ 42 billion) and organic products (US $ 45 billion) are expected to have grown
at up to 4.5 per
cent compound
annual growth
rate.
The scorecard was released
at the start of World Breastfeeding Week alongside a new analysis demonstrating that an
annual investment of only US$ 4.70 per newborn is required to increase the global
rate of exclusive breastfeeding among children under six months to 50 per
cent by 2025.
Zimbabwe was once one of the most prosperous countries in Africa, but today it is wracked by economic chaos with an
annual inflation
rate estimated
at 231 million per
cent in January 2009 and over 80 per
cent unemployment.
Still,
at 13.2 per
cent, the
annual pace of price growth remains above the BoG's eight per
cent target
rate.