Without increasing the tax share of output, 1 per
cent real growth over the next 40 years will yield an inflation - adjusted increase in tax revenue per capita of about 50 per cent.
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).
For 2018, it's now predicting two per
cent growth, as measured by
real gross domestic product, compared to its 2.2 per
cent prediction in January.
The budget also predicted
real GDP
growth of 2.2 per
cent in 2018 and 1.6 per
cent next year.
The Australian Bureau of Statistics «experimental» annual estimates of States»
real Gross State Product (GSP) show that WA's economic
growth for the year was 4.6 per
cent, a little above the national average (4.3 per
cent).
He said the second half is likely to be weaker than expected and will moderate annual
real GDP
growth to around 1.2 per
cent for all of 2015.
This growing interest in India is not surprising; with average
real annual
growth of 8.75 per
cent over the 2003 to 2007 period, India is emerging as an economic heavyweight in the region.
That said, the equation fits the cycle pretty well (see Graph 5)[8] and Graph 6 shows the impact on GDP
growth of a 1 per
cent increase in the
real cash rate, maintained for two years.
RBC is forecasting
real GDP
growth of 2.5 per
cent in 2014 and 2.7 per
cent in 2015.
Does this mean that the budget will need to be balanced (or in a surplus) when
real economic
growth is 2 per
cent or more?
What will happen if
real economic
growth is greater than 2 per
cent ex post but the Government recorded a deficit?
The new government is targeting
real growth of more than an average 2 per
cent over the next decade.
For the rest of 2007, we expect the Canadian economy to remain healthy and our forecast for
real GDP
growth is 2.5 per
cent, down slightly from its
growth level in 2006.
As the Canadian economy contends with softer than expected exports, weak business investment and effects of the Alberta wildfires,
real GDP
growth in 2016 is forecast to be 1.4 per
cent...
-- 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.
Although there is considerable uncertainty around the outlook, the Bank is projecting
real GDP
growth will slow to about 1 1/2 per
cent and the output gap to widen in the first half of 2015.
2016.06.10 Canadian economic activity erratic through 2016: RBC Economics As the Canadian economy contends with softer than expected exports, weak business investment and effects of the Alberta wildfires,
real GDP
growth in 2016 is forecast to be 1.4 per
cent...
The Bank expects Canada's economy to gradually strengthen in the second half of this year, with
real GDP
growth averaging 2.1 per
cent in 2015 and 2.4 per
cent in 2016.
Over the year to the March quarter,
real output
growth again exceeded 4 per
cent, and indicators point to further strong
growth in the June quarter.
For Ontario in particular, he estimated, that means an annualized rate of
real GDP
growth of just 1.7 per
cent for 10 years.
Real GDP grew by 0.1 per
cent in the September quarter, having contracted by 0.1 per
cent in the June quarter, though in year - ended terms
growth was a healthier 2.5 per
cent (Graph 5).
National accounts data show that
growth in
real household consumption in the second half of 2003 was 7 per
cent on an annualised basis, the strongest pace in over 20 years.
The private sector economists are surveyed for only a selective number of aggregate economic and financial indicators:
real gross domestic product (GDP)
growth; GDP inflation, nominal GDP;, the 3 - month treasury bill rate;, the 10 - year government bond rate;, the unemployment rate; the, consumer price index; the exchange rate (US
cents / Cdn $); and finally, and U.S.
real GDP
growth.
Were he to invest and achieve a four per
cent real annual return with just a little more risk from dividends and capital
growth, he could have $ 17,920 per year starting at age 65.
This is a percentage point lower than average potential
growth in the decade prior to the crisis... We estimate that the
real neutral policy rate is currently in the range of 1 to 2 per
cent... This translates into a nominal neutral policy rate of 3 to 4 per
cent, down from a range of 4 1/2 to 5 1/2 per
cent in the period prior to the crisis.»
Output expanded by 1.0 per
cent in the June quarter, with
growth in
real GDP now running at 3.0 per
cent over the year.
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.
The June quarter ABS capital expenditure (Capex) survey points to solid
growth of machinery and equipment investment in
real terms in 2003/04, although in nominal terms, investment is expected to fall by 3 per
cent (assuming a five - year average realisation ratio), reflecting lower prices for investment goods.
Over the year to the March quarter,
real output increased by a little under 5 per
cent, and
growth in the non-farm economy was somewhat stronger than that.
At an aggregate level, business investment grew by 21 per
cent in
real terms over the year to the December quarter, with
growth strong in both the equipment and construction components.
Real GDP is 1.8 per
cent higher over the year to the September quarter (Graph 6), and more timely indicators point to further
growth in the December quarter.
The evidence suggests that most
real people are shocked by the
growth of inequality and the rise of the super-rich (or top 1.0
cent) which have been among the central themes of the last thirty years of British history.
Although economic
growth was over 11 per
cent between 2003 and 2008,
real incomes actually stagnated and the North - South divide widened.
The Conservatives said its calculations showed the revenue the Treasury received from NI had risen by 22 per
cent in
real terms since 2001 - 02, five times the four per
cent growth in income tax receipts over the same period.
However, if there is a
real - terms freeze to overall spending, all schools will get there by 2024 — 25, or by 2023 — 24 if there is 2 per
cent real - terms
growth.
Canadian
growth exceeded the bank's expectations and it now predicts
real gross domestic product will expand at an annual rate of 2.6 per
cent in 2017 — up from its January forecast of 2.1 per
cent.
For 2017, it's now predicting three per
cent growth, as measured by
real gross domestic product, compared with its 3.1 per
cent prediction in October.
For example, Canada saw year - over-year
growth in
real GDP last year of 1.3 per
cent.
Were he to invest and achieve a four per
cent real annual return with just a little more risk from dividends and capital
growth, he could have $ 17,920 per year starting at age 65.
It also expects the adjustments to trim the forecast for Canada's
real gross domestic product — a measure of economic
growth — by up to 0.05 per
cent over the same period.
«Double - digit
real estate appreciation and one per
cent wage
growth don't work long - run on a lot of levels,» said Heath, the managing director of Objective Financial Partners in Markham, about 30 kilometres north of Toronto.
Global tourism
real GDP
growth is now expected to rise by two per
cent this year (up from the 0.5 per
cent forecast earlier in the year), creating an extra 946,000 jobs worldwide.
The Australian government has announced that greenhouse gas emissions fell 0.2 per
cent in 2012, mostly due to lower greenhouse gas emissions from the electricity generation sector, despite
growth in
real GDP of 3.4 per
cent over the same period.
As the area deals with «the new reality» of cheaper oil, the city's
real estate market is seeing some sustained
growth, with sales up 10 per
cent over last year with modest price increases.
When looking at wage pressures, Oxford Economics have forecast
real wage
growth to be at 2.9 per
cent for year - end 2017, down from 3.6 per
cent in 2016, which is further good news for organisations based in the UAE.
«In the Vancouver market we have about seven per
cent of the Realtor population, so that is a
real growth market for us,» says Ash.
· And according to Precarious: Temporary Agency Work in British Columbia, the rate of
growth of short - term positions is significantly outstripping that of permanent ones: http://www.macleans.ca/economy/realestateeconomy/the-vacant-truth-about-rental-condos/ According to the Canada Mortgage and Housing Corp., the federal agency that insures lenders against mortgage losses while simultaneously serving as one of the main sources of
real estate data in the country, the vacancy rate for condo rentals is just 1.3 per
cent — about as close to zero as you can get.
Meanwhile, the European Union (EU) economy will not be impacted to the same degree as the British economy but the ongoing uncertainty will make annual
real GDP
growth of 1.6 per
cent in the 2016 - 17 period difficult to attain.
In a statement, the fund says
growth was driven by a 7.4 per
cent increase in the fund's network of agents and sales representatives, and the continued strength of the Canadian residential resale
real estate market.