Sentences with phrase «cent growth which»

Europe is a close second having recorded a 23 per cent growth which is led by the Greek National Tourism Organisation and Spain Tourism Board.

Not exact matches

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.

If these increases occur, this will be the sixth consecutive year in which Telus has increased its divided by 10 per cent or more in what Entwistle calls a multi-year dividend growth program, which remains a priority for the company.

TORONTO — The 2013 - 14 financial year was an unusually strong one for the Canada Pension Plan Investment Board, which earned a 16.5 per cent annual return on the billions of dollars in assets it manages for the national retirement system, but its CEO cautions that level of growth likely won't soon be repeated.

The biggest contribution to growth from the goods - producing industries in 2017 came from natural resources extraction, which expanded 7.8 per cent.

He said the company incurred redundancy costs and had to hire new staff and this had slowed its planned expansion, which would involve between 6 per cent and 7 per cent growth annually in store numbers.

Growth in services was led by wholesale trade, which was up 2.0 per cent, the highest monthly gain since September 2014.

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.

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 company's network of 376 brokers — which grew by 15 for the half — delivered GWP of $ 2.6 billion, up 8 per cent driven by prices rises and growth in the authorised representative network.

The most recent figures are approaching 3 per cent annual growth, which is back to pre-crisis levels.

It is not surprising therefore that growth of the economy over the latest year for which data are available was 2.6 per cent, or an annualised rate of 3 per cent for the latest half - year.

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.

This is the 10th consecutive quarter of more than 90 per cent revenue growth for Azure, which directly competes with Amazon.com Inc's Amazon Web Services.

Starbucks delivered a 1 - cent earnings beat from a 41 cent basis, higher - than - expected revenues and 7 percent global same - store - sales growth, which includes an 11 percent increase in the China / Asia Pacific market.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

The average growth rate is 19.5 [1] per cent per annum, which seems quite high by any standard.

The US economy remains a key driver for global growth, which we forecast will strengthen gradually to 3 1/2 per cent by 2018.

We've seen how supply management for dairy, poultry and eggs hurts a) consumers through artificially high prices; b) food processors (and the jobs they could be creating in Canada) because of their inability to compete internationally; c) exporters of all kinds looking for more international trade access, but which Canada is denied because of supply management; d) the majority of Canadian farmers (over 90 per cent)-- those who grow and produce beef, pork, grains, oilseeds, pulses, and who are not supply managed — who would also benefit from more international trade access; and finally e) most ironically, dairy farmers themselves, also prevented from exploiting international growth opportunities.

That is down from about 3 3/4 per cent in 2011, which was about the average rate of growth over the past 15 years.

Similarly, India, which saw annual GDP growth near 9 per cent from 2005 to 2010, has also moderated since 2012.

Well, bearing in mind that we start our analysis with a projection that Canada's economic potential is likely to grow by only around 1.5 per cent, which is not very inspiring, we need to take every decimal point of potential growth more seriously than we have in the past.

The active platform development was slowed by the ETH rate growth, which led to the Ethereum network commission for processing one bet raise in price from several cents to several dollars.

A separate discussion paper published by central bank staffers in October 2017 concluded that even under an alternative scenario in which the potential level of growth was ultimately 1 per cent higher than forecast by 2020, the effects on inflation would be «small» and «therefore does not affect the stance of monetary policy.»

Growth in Australia's export income over the past year was nearly 30 per cent, a pace which has rarely been exceeded in the past four decades.

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.

It is possible that measured GDP growth is somewhat overstated due to difficulties in estimating the GDP deflator, which is falling considerably more quickly than other price measures; nominal GDP has grown by a much more modest 0.8 per cent over the year, although this is still an improvement on recent history.

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).

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.

In New South Wales, which accounts for one - third of employment, employment growth slowed to less than 1 per cent over the year to the December quarter.

Employment grew by 1.2 per cent in the quarter, which is well above trend growth.

The U.K.'s Office of National Statistics on Thursday said the economy grew 0.3 per cent in the second quarter, after 0.2 per cent in the first, the lowest growth for any major advanced economy since the start of 2017, according to Reuters, which also reported flat business investment and little growth in household spending.

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.

While this indicates a slowing in the pace of growth during 2004, as a share of GDP investment is estimated to have risen to around 45 per cent in 2004, which is the highest level on record and about as high an investment share as has been seen anywhere in the world.

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.

World GDP growth is therefore expected to accelerate from 3.9 per cent in 2003 to 4.6 per cent in 2004, which would be among the fastest rates of growth experienced in the past 30 years.

In its latest assessment of the international outlook, released in late April, the IMF forecasts that growth in the G7 countries will pick up from 2.2 per cent in 2003 to 3.5 per cent in 2004, which is well above the trend rate of around 2 1/2 per cent (Table 1).

India, which has 137 million internet users, witnessed an y - o - y growth of 26 per cent.

Instead, he lopped off an extra $ 40 billion (two per cent of GDP) from projected growth, which had the effect of increasing the projected deficit by around $ 6 billion.

The background environment was one in which demand in Australia — which grew by over 5 1/2 per cent in 2007 — outstripped, by a significant margin, any plausible estimate of growth in potential supply.

The latest ABS projections, based on Australian Bureau of Agricultural and Resource Economics (ABARE) estimates, indicate that farm GDP fell by around 30 per cent over the year to the June quarter 2003, subtracting a little under 1 percentage point from GDP growth, which is a slightly smaller subtraction than previously expected.

Growth of non-farm GDP over the latest four quarters for which we have data was just over 4 per cent; domestic demand, while slowing a little from its most recent peak, expanded by 5 1/2 per cent over that period; employment growth over the past year has been around trend, though lower in recent months, and the unemployment rate has remained close to the lower end of the range in which it has fluctuated over the past two deGrowth of non-farm GDP over the latest four quarters for which we have data was just over 4 per cent; domestic demand, while slowing a little from its most recent peak, expanded by 5 1/2 per cent over that period; employment growth over the past year has been around trend, though lower in recent months, and the unemployment rate has remained close to the lower end of the range in which it has fluctuated over the past two degrowth over the past year has been around trend, though lower in recent months, and the unemployment rate has remained close to the lower end of the range in which it has fluctuated over the past two decades.

Year - ended growth in the harmonised measure of prices, which is comparable to the measure targeted by the ECB, has slowed more sharply to be 1.1 per cent, down from 1.6 per cent at the beginning of the year.

After moderating in the first half of 2003, the volume of imports expanded by 3 1/4 per cent in the September quarter, to be 12 1/2 per cent higher over the year, which is well above trend rates of growth.

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.

The strong growth in spending is evident in the latest national accounts, which showed an increase in consumption of 1.7 per cent in the September quarter, to be 4.4 per cent higher over the year.

This follows a 27.5 per cent fall in farm GDP in 2002/03, which subtracted 1 percentage point from aggregate growth.

While the 25 basis point increases in November and December have brought the cash rate closer to its average level of the past ten years — a period in which the economy has recorded average annual growth of 3.9 per cent — the rate still remains slightly below the average over this period (Graph 66).

The February AWOTE increase suggests a pick - up in aggregate wages growth which, even allowing for a degree of overstatement, brings annual wages growth to a rate of over 4 per cent.

Over the year to February, credit to the household sector grew by 11 per cent, compared with growth in households» nominal income which has been running at around 5 per cent; much of the growth in debt has occurred in home mortgages.