According to an economic analysis within Sunday's report, an investment to stop climate change will only knock 0.06 percentage points off the world's annualized
economic growth rate from now till the end of the century.
Not exact matches
Mnuchin has argued that because of larger
economic investment
from businesses,
growth from the plan would increase tax revenue despite lower
rates.
Important factors that could cause actual results to differ materially
from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global
economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global
economic uncertainty or otherwise; 8) the effect of
economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting
from cancellations, deferrals, or reduced orders by their customers or
from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations
from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover
from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition
from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In its spring forecast, the European Commission said it expects
economic growth across the 28 - country EU to dip to 2.3 percent this year,
from last year's decade - high
rate of 2.4 percent.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of
economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest
rates and foreign currency exchange
rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for
growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services
from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal
from the EU, on general market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Another way to play negative
rates is to buy dividend - paying stocks that will benefit
from economic growth.
Recent
economic data point to some
growth firming, inflation remains hard to find and long - term
rates are up by barely 10 basis points (bps)
from where they started the year, according to data accessible via Bloomberg.
Fed officials» median projections now forecast
economic growth of 2.1 percent next year, up
from 2 percent as of September, with the unemployment
rate falling a tick to 4.5 percent.
In the budget there are bold vows — oddly reminiscent of China's annual edicts for
economic growth rates — about boosting exports by 30 % in the next eight years (even though exports have climbed just 2.9 %
from eight year ago).
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 Fed and other central banks want to increase interest
rates to slow down and control
economic growth to prevent the economy
from overheating too much.
We expect the tax bill to offer moderate
economic stimulus — various estimates suggest it could add 0.3 to 0.4 points to real GDP
growth annually — primarily through increased corporate investment in response to the higher after - tax return on investment resulting
from the lower 21 % corporate tax
rate.
TORONTO, September 14, 2016 - Canadian
economic growth will snap back after a second - quarter contraction and will get further lift in 2017
from rising energy prices, low interest
rates, and federal stimulus, according to the latest RBC Economics Outlook report.
Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest
economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest
rates that are virtually equal to or exceed long - term interest
rates, thus lowering profit margins for financial services companies that borrow cash at short - term
rates and lend at long - term
rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift
from non-interest to interest - bearing deposits.
A forecast of a secular rise in interest
rates from current levels implies that US
economic growth will at least hold at a moderate pace.
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss)
from operations outlook for 2018, on both a consolidated and segment basis; projected total revenue
growth and global medical customer
growth, each over year end 2017; projected
growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax
rate; future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future
growth, business strategy, strategic or operational initiatives;
economic, regulatory or competitive environments, particularly with respect to the pace and extent of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for
growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.
Theoretically, this means that by lowering the interest
rate, the Federal Reserve can spark
economic growth, and by increasing
rates, they can keep inflation
from rising too quickly.
Those interest
rates had been 0 %
from 2006 through the end of 2015 as the Fed tried to stimulate
economic growth by making it easier to receive a loan.
While there are some signs of recognition such as the Fed's reduction in its estimated neutral
rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit use of the term secular stagnation in its World
Economic Outlook, ECB president Mario Draghi's call for global coordination and greater use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP
growth is likely to be the primary macroeconomic policy challenge for the next decade.
Longer - term
rates, often used to gauge investors» expectations for inflation and
economic growth, remain mostly unchanged
from two years ago.
Instead, the arithmetic of
economic expansion - employment
growth plus productivity
growth - is already constrained by a 4.6 % unemployment
rate and a deficit on current account, and seems unlikely to be helped by the current policy direction, aside
from rather short - lived effects.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially
from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products
from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits
from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits
from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
Despite steady demand
from employers and brisk
economic growth recently, average monthly job gains slowed
from 187,000 in 2016 as the 4.1 % unemployment
rate meant fewer available workers.
Our view for broader and stronger
economic growth this year, with only slightly higher interest
rates from current levels, is favorable for equity valuations — especially after the latest decline in equity prices.
Our future capital requirements may vary materially
from those currently planned and will depend on many factors, including our
rate of revenue
growth, the timing and extent of spending on research and development efforts and other business initiatives, the expansion of sales and marketing activities, the timing of new product introductions, market acceptance of our products and overall
economic conditions.
Canadian
economic growth will snap back after a second - quarter contraction and will get further lift in 2017
from rising energy prices, low interest
rates, and federal stimulus...
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially
from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits
from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits
from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange
rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially
from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products
from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits
from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits
from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
International stocks could rise
from the benefits of improved
economic growth, and hedging the currency means any dollar appreciation associated with higher
rates won't harm investors.
If you are convinced that lowering the interest
rate, pumping money into the economy and ramping - up government spending is beneficial, then
from your perspective a failure of such measures to sustainably boost the
rate of
economic growth can only mean that the measures weren't aggressive enough.
The negative investment thesis seems to rest upon confidence that central bankers, and the Fed in particular, will steer a course away
from radical monetary experimentation that will return to a normal structure of interest
rates and robust
economic growth.
In one illustrative example
from the Congressional Budget Office (CBO), at best one - quarter of the cost of a broad - based cut in individual
rates could be offset by
economic growth over a decade, and even that assumes future tax increases will ultimately be enacted to stabilize the long - term fiscal picture.
The speech starts by setting out three key themes of the Bank's recent communication about Australia's transition
from the resources sector boom to more normal
economic conditions: that the sheer scale of the boom means that this transition is challenging, and that the broader global environment compounds the challenge; that a reasonably successful transition is possible given our economy's positive fundamentals and flexibility; and that monetary policy is doing what it can to help the transition, but that the chances of success would be boosted by a lift in productivity
growth and an increase in the expected risk - adjusted
rate of return on investment.
«We continue to benefit
from interest
rate rises and
economic growth, particularly in Asia,» Mr Flint said.
We see the Federal Reserve's (Fed's) interest
rate hikes being put on hold for now amid lackluster
growth and
economic uncertainty, while the European Central Bank (ECB) looks to be running into diminishing returns
from negative
rates.
An acceleration to four
rate increases for 2018,
from three last year, would possibly reflect faster
economic growth spurred by the $ 1.5 trillion tax cut that took effect this year and $ 300 billion in more government spending.
The Federal Reserve uses other tools to influence U.S.
economic growth, too, including Discount
Rate, which is the overnight interest rate at which banks can borrow money from the Federal Reserve; and special programs such as quantitative eas
Rate, which is the overnight interest
rate at which banks can borrow money from the Federal Reserve; and special programs such as quantitative eas
rate at which banks can borrow money
from the Federal Reserve; and special programs such as quantitative easing.
The government is hoping that
economic growth will recover
from its current anemic level, and that the unemployment
rate will fall below 7 per cent before the 2015 election.
The report saw investors slash expectations for a
rate hike
from the Bank of England at its upcoming meeting next week after overall
economic growth slowed to near stagnation in the first quarter.
Over time, the stock market has reached new records, powered by
economic and earnings
growth.2 We expect both to continue: The domestic economy is picking up a little speed, helped by improving
growth in the rest of the world, and company earnings have benefited
from better sales, the weaker dollar and still - low interest
rates.
Central bank policymakers also pointed to «solid
rates» of
growth in consumer spending and business investment, while eliminating a reference
from their previous statement warning a global
economic slowdown could sap U.S.
economic strength.
Poloz's main argument for leaving interest
rates low is that the obvious damage
from an extended period of weak
economic growth outweighs the hypothetical risk of a housing bust.
It is true that our
economic growth rates following the 2007 - 2009 recession have not approached the levels seen coming out of previous recessions, and as we shift
from highly accommodative monetary policy, even Fed officials have called for additional fiscal - policy support.
Reform advocates say
economic growth rates will plunge, undermining the ruling party's claim to power, if industries
from energy to telecoms to banking that are controlled by state companies are not opened to competition.
Changes in the larger world - system are likely to consist of shifts in overall
rates of
economic growth, changes that reverberate
from the rise and fall of great powers, alterations in international relations, variations in uncertainty and conflict, and even modifications of the extent to which people are aware of these larger relations.
The Bush administration had claimed, using the Laffer Curve, that the tax cuts actually paid for themselves by generating enough extra revenue
from additional
economic growth to offset the lower taxation
rates.
• We promised to restore Teacher training allowances and we have delivered • We promised to end dumsor and we have delivered • We promised to reduced fertilizer prices by 50 % and we have delivered • We promised to establish a Ministry of Zongo and Inner City Affairs and we have delivered • We promised to increase and pay peacekeeping allowances increased
from $ 31 to $ 35 and we have delivered • We promised to increase the share of the DACF to persons with disabilities
from 2 % to 3 % and we have delivered • We promised a stimulus package to support local industry and we have delivered • We promised to implement a National Entrepreneurship and Innovation Plan and we have delivered • We promised a more efficient port system and we have delivered • We promised to reduce the rapid
rate of borrowing and accumulation of the public debt and we have delivered • We promised to restore
economic growth and we have delivered • We promised to reduce inflation and we have delivered.
«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest
rates, increase
economic growth (
from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange
rate stability, reduce the debt to GDP ratio and the
rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit
from 9.3 % to an estimated 5.6 % of GDP?
Armed with 200 years of taxation receipts and other
economic indices
from developed countries (mainly France, Britain and the US) he shows there is one
economic law that approaches a constant: the
rate of return on capital (r) is usually higher than the
rate of
economic growth (g).
Concerns about the slow
rate of
economic recovery
from the recession, which has seen GDP
growth broadly stagnate in the last three quarters, are unlikely to disappear soon.