Total credit was expected to record a 34 per
cent growth at Rs 38,000 crore while deposits were expected to post a 10.4 per
cent growth at Rs 54,500 crore in 2005 - 06, Sridar said.
The company said the latest figure reflects a 25 per cent decline at KFC and 12 per
cent growth at Pizza Hut.
Not exact matches
Budget 2016 estimates for nominal GDP
growth appear reasonable, with 2016 NGDP
growth pegged
at 2.4 per
cent (1.4 per
cent real GDP
growth plus 1.0 per
cent GDP inflation).
Meanwhile, the central bank's own forecast pegs GDP
growth at 2.6 per
cent this year, which makes Canada one of the fastest growing economies in the developed world.
Canopy
Growth Corp. is currently valued
at just over $ 7.5 billion yet loses about 12
cents a share.
February's budget promised to hold overall expenditure
growth at 1.5 per
cent per year and health spending
at 2.6 per
cent.
Republicans talk of sparking economic
growth rates in the range of four per
cent, but models run by non-partisan forecasters, such as the Wharton business school
at the University of Pennsylvania, predict only a modest increase over the shorter term.
If nothing changes, the memo to Morneau estimates potential
growth will «remain low» over the next 15 years
at 1.7 per
cent.
The Reserve Bank of Australia has left the cash rate unchanged
at 1.5 per
cent, witht the central bank board continuing to worry about weak wages
growth.
The Ottawa - based agency says gross domestic product was essentially unchanged,
at 0 per
cent growth in July compared with June, which marked the eighth month in a row of GDP
growth.
«That's why we put forward a budget that speaks to strategic investments in economic
growth and job creation, while
at the same time transforming government by achieving our savings targets and limiting program spending
growth to 1.1 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.
The central bank, which kept its rate
at 1.25 per
cent Wednesday, said slower first - quarter
growth of about 1.3 per
cent was largely a result of housing markets» responses to stricter mortgage rules and sluggish exports.
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.
Growth of domestic spending was even higher,
at 5 1/2 per
cent.
In the Canadian data, firm population
growth has picked up but remains slow,
at around 1 per
cent annually, well below pre-crisis rates.
Economic
growth has been falling since 2010 and the economy has been operating below its potential since then; employment
growth, particularly full time employment
growth has struggled; in 2014 only 121,000 jobs were created; employment
growth has not kept up with population
growth; labor force participation has declined to its lowest level since 2000; long - term unemployment has increased; the unemployment rate remains stuck
at just under 7 per
cent, and youth unemployment is
at 14 per
cent; business investment has stagnated; and Canadians are losing confidence in their economic future.
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.
If the Conservative government wants to stabilize the debt - to - GDP ratio
at 25 per
cent, then
at that ratio, the government must run a permanent and growing structural deficit that will result in the government's debt increasing
at the same rate of
growth as the economy.
Growth in household credit has remained relatively stable at around 5.5 per cent since the beginning of the year, a pace below the historical average (Chart 22), following an extended period of rapid growth that led to a substantial buildup in household
Growth in household credit has remained relatively stable
at around 5.5 per
cent since the beginning of the year, a pace below the historical average (Chart 22), following an extended period of rapid
growth that led to a substantial buildup in household
growth that led to a substantial buildup in household debt.
The Aussie will decline to 72 US
cents by year - end as restrained economic
growth and inflation mean the Reserve Bank of Australia will take a «few years» to catch up with the Federal Reserve in raising borrowing costs, said Philip Moffitt, Asia - Pacific head of fixed income in Sydney
at the firm, which oversees more than $ US1 trillion.
He has said that he is quite comfortable with economic
growth of around 2 per
cent or less for 2013, even though this would not reduce the unemployment rate, currently stuck
at 7.2 per
cent.
At a federal - provincial finance ministers» meeting in December 2012, the Finance Minister announced that, starting in 2017 - 18, the rate of growth in the Canada Health Transfer (CHT) would be reduced from 6 per cent per year to grow in line with a three - year moving average in nominal GDP, with a funding guarantee to grow by at least three per cent per yea
At a federal - provincial finance ministers» meeting in December 2012, the Finance Minister announced that, starting in 2017 - 18, the rate of
growth in the Canada Health Transfer (CHT) would be reduced from 6 per
cent per year to grow in line with a three - year moving average in nominal GDP, with a funding guarantee to grow by
at least three per cent per yea
at least three per
cent per year.
That should leave the y / y pace steady
at 2.7 per
cent, consistent with the prevailing view
at the Fed that wage
growth remains only moderate.
At the meeting, central bankers raised their median estimates for US
growth to 2.7 per
cent for 2018 from 2.5 per
cent projected in December.
Could the economy have successfully negotiated the period of robust
growth, and rising inflation, in the first half of 2000, in the face of strong downward pressure on the exchange rate, with interest rates maintained
at 4 3/4 per
cent?
At home, the company's annual same - store sales
growth in Canada — a measure of the performance of restaurants open for more than a year — have slipped from a high of six per
cent in the mid-2000s to little more than one per
cent last year.
The document projects the government to set the
growth of program spending
at two per
cent per year, a target it says would be far below the 4.4 per
cent annual average increases of previous Liberal governments.
-- The
growth in real average (after - tax, after - transfer) family income from 1976 to 2010 was the smallest in the middle - income group,
at seven per
cent
In fact, the
growth in real average (after - tax, after - transfer) family income from 1976 to 2010 was the smallest in the middle - income group,
at seven per
cent, while the top quintile (top 20 per
cent) saw their family income grow by 27 per
cent during that time.
Sustained 7 per
cent - plus economic
growth may sound like a great recipe for stock - market returns, but investors looking
at a country like India still need to do their homework.
It's a substantial upgrade from its previous review that had potential
growth at 1.4 and 1.5 per
cent in 2018 and 2019, respectively.
The central bank upped its estimate for potential
growth — how fast an economy
at full capacity can expand without generating too much inflation — to 1.8 per
cent over the next two years from a projection of 1.6 per
cent in the January report.
Finally, the economy is on a hot streak: employers have been adding jobs steadily for a year, and
growth is running
at an annualized rate in excess of three per
cent.
Stuart Kraft, a strategist
at National Bank Financial, said the new measures could push
growth to below 1 per
cent.
Darko Mihelic,
at Royal Bank of Canada's capital markets unit slashed his projection for annual Canadian residential mortgage
growth to 2.3 per
cent, about half the previous average assumed for Canadian banks.
Growth in household disposable income picked up steadily over the past year, driven by solid employment growth, to be running at just under 6 per cent over the year to the June quarter, the highest rate of increase for almost three
Growth in household disposable income picked up steadily over the past year, driven by solid employment
growth, to be running at just under 6 per cent over the year to the June quarter, the highest rate of increase for almost three
growth, to be running
at just under 6 per
cent over the year to the June quarter, the highest rate of increase for almost three years.
The storms, which killed
at least 147 people and caused an estimated $ 6bn in damage, are likely to trim another 0.1 per
cent off 2013
growth, bringing this year's official forecast to 1.7 per
cent, Luis Videgaray, finance secretary, has concluded.
Reflecting indications that US economic
growth remains robust and concerns that inflationary pressures may be building, markets are now expecting the federal funds rate to reach 3 1/4 per
cent by August, which implies 25 basis point increases
at three of the next four FOMC meetings (Graph 17).
Export
growth has eased a little, following the surge in December 2003 as exporters sought to avoid the cut in tax rebates on 1 January, but
growth over the year remains exceptionally strong
at 43 per
cent.
The Australian economy continued to perform strongly during the first half of 2000, with
growth running
at more than 4 per
cent per annum, a noteworthy performance for an economy that is now entering the tenth year of an economic upswing.
In contrast, abstracting from the increased circulation of cash around the end of last year, annual
growth in currency has been relatively stable
at around 7 — 8 per
cent for a number of years.
The WPI measure of public - sector wage
growth,
at 3.9 per
cent in year - ended terms, remained higher than private - sector
growth, which stood
at 3.4 per
cent.
Year - ended
growth in credit and the money supply seems to have stabilised recently,
at around 14 1/2 per
cent over the year to December, following a pronounced deceleration earlier in the year.
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.
Housing construction grew
at an annual rate of 12.9 per
cent, the fourth consecutive quarter of double - digit
growth.
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.
Surveys and official data indicate flat or falling house prices across the UK; according to the Nationwide and Halifax surveys, house prices increased
at an annualised rate of 1.8 per
cent over the past three months, compared with annualised
growth in excess of 20 per
cent in the first half of 2004.
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).