Sentences with phrase «driver of economic growth»

At the same time, household formation is a key driver of economic growth.

It has also been a major driver of economic growth.

Education is recognized worldwide as the most important driver of economic growth and social change, and teachers are the ones leading the way.

The government is looking for exports and business investment to be the two strongest drivers of economic growth.

Well, first, the prime driver of economic growth is not resources but the human mind.

But he says it's needed at a time when «science and engineering have become even more important as drivers of economic growth.»

The NBS numbers revealed state - mandated fixed asset investment (FAI) was the key driver of economic growth in the first two months of the year, up 21.2 percent and the strongest in 12 months, while annual retail sales growth of 12.3 percent was the slackest January and February combined since 2004.

Heavily indebted households can no longer be relied on as the main driver of economic growth.

The biggest driver of economic growth next year will be from household consumption, which policy makers reckon will get a boost from the federal government's tax cuts and its decision to augment monthly child benefits.

The New York Times Economix blog post The Quiet Driver of Economic Growth: Exports covers the steady growth in the percent of U.S. GDP generated by exports.

So yes, interest rates are depressed, but so too are the structural drivers of economic growth and corporate income, and much of that is baked in the cake of demographic factors like population growth.

«Private enterprise and initiative is going to be the principal driver of economic growth.

The housing market has been a major driver of economic growth across the country in the last decade and this nurtured consumer confidence in taking on household debt.

It is my opinion that those are the greater drivers of economic growth, and that the government can do little to foster growth, aside from having simple long - term policies, and letting us get on with being productive.

For those of us in the youth and student tourism industry, we see how vital young people are to the tourism sector, and how vital tourism is to young people,» said WYSE Travel Confederation Director General Espen Falkenhaug, «Tourism is one of the world's most promising drivers of economic growth, and considering the numbers, youth tourism is even more so.

«Our airports will continue to be amongst the most significant drivers of economic growth in their regions, as spare capacity enables them to grow more quickly than other airports.

Bloomberg Government asks industry leaders and policymakers to envision the future of infrastructure and the road to deploying new drivers of economic growth: broadband and digital systems, autonomous vehicles, and the internet of things.

When he was appointed three years ago, Poloz assumed non-energy exports and business investment would take over from household spending and housing as drivers of economic growth.

Today the White House announced major steps to improve incentives for future innovation in high tech patents, a key driver of economic growth and good paying American jobs.

The good news is that we know that innovation is a fundamental driver of economic growth, and America has led the world in innovation for the past two centuries — from the mechanization of textile manufacturing in the late 18th century to the invention of the Internet in the late 20th century.

The country's banking sector is vulnerable, however, because of its heavy reliance on wholesale funding, Tuvey says, «There have been large deposit withdrawals, and credit growth will remain weak after having been the main driver of economic growth.»

Consumption is the number one driver of economic growth in the U.S., and if American workers aren't getting raises, they're not spending more.

Such work will directly create jobs in the United States and abroad, and provide one of the most important drivers of economic growth: abundant and inexpensive power.

It's an accepted and well - circulated meme that small businesses are the drivers of economic growth, creating most of the jobs that keep the nation humming.

Health care made up 19,500 of those gains, making it (yet again) one of the major drivers of economic growth.

The Trump campaign counters the history of bad blood between Trump and the Bay Area, saying it values the tech industry as a driver of economic growth, according to Re / code.

Given the importance of China's property market as a driver of economic growth - not only from an investment perspective but also for household consumption - it's little wonder why ratings agencies, along with markets, remain nervous towards the sector.

Given the importance of China's property market as a driver of economic growth — not only from an investment perspective but also for household consumption — it's little wonder why ratings agencies, along with markets, remain nervous towards the sector.

With the much lower than expected oil prices, we can no longer expect Alberta to be the driver of economic growth in Canada.

For more on the drivers of economic growth, see Three Delusions.

Overall, we regard the data as supporting a positive view of the US economy, with a greater balance among the drivers of economic growth another indication of the depth and breadth of the recovery.

Trade and investment liberalization are drivers of economic growth, and the Business Council is a strong proponent of Canada's participation in trade deals.

The change in the drivers of economic growth is also good for gold.

Over the past generation «supply side economics» has become an epithet used to cast scorn and derision upon any policy that doesn't look to Big Government as a driver of economic growth.

But shackling small firms, the drivers of economic growth, with extra expense is not the answer,» said national chairman Carol Undy.

«CIHT welcomes the budget's recognition that infrastructure investment is a driver of economic growth.

Addressing an audience of more than 80 Parliamentarians and 150 construction industry leaders, civil servants and journalists at the House of Commons, Bill Bolsover, the Chairman of the Construction Products Association, identified the construction industry as a key driver of economic growth and suggested ways in which government should kick start the recovery.

The continent has failed to invest in science, technology and innovation (STI) as drivers of economic growth and long - term sustainable development.»

The Obama administration published a 2016 report that outlined a generally optimistic future, with AI serving as a major driver of economic growth and social progress.

The fact that the vast majority of new wind energy projects built in Canada in 2016 had some form of local ownership demonstrates the value of wind not only as a driver of economic growth, but also as a source of local jobs and revenue in communities right across the country.»

But those regulations are not the driver of economic growth.