China's coal demand growth averaged 9 % per year from 2000 to 2010, more than double
the global growth rate of 4 % and significantly higher than global growth excluding China, which averaged only 1 %.
JPMorgan analysts forecast that China's biologics industry will double in size to $ 52 billion by 2021 compared with
a global growth rate of 60 percent.
Not exact matches
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.
The
global smart transportation sector is expected to grow to US$ 138 billion by 2020, up from US$ 46 billion this year, at a compound annual
growth rate of 24 %, according to analysis firm Markets and Markets.
«The benefits
of tax reform,
global synchronized
growth, [and] employment gains will extend the life
of our economic expansion and eventually lead to inflation and higher interest
rates.
Famed bond fund manager Bill Gross attacked the use
of negative
rates as an attempt to mask the symptoms
of an unhealthy
global economy, while Ray Dalio, the head
of the world's largest hedge fund Bridgewater Associates, has recently argued that negative
rates will be ineffective at boosting
growth.
Vodafone (vod), reporting its third - quarter results on Thursday, said it was also seeing lower
rates of growth in its
global enterprise division, and said it was taking a more disciplined approach to agreeing contracts.
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.
Persistence Research has forecast that
global HPA demand will soar from 25,315 tonnes in 2016 to 86,831 tonnes in 2024, representing a staggering annual compounded
growth rate of nearly 17 %.
Founded in 2008, the company's clients include massive
global companies — undoubtedly contributing to its impressive
growth rate of 811 percent since 2011.
U.S. economic
growth and the expectation for higher interest
rates should also give the rally in the dollar more fuel, said Gina Sanchez, CEO
of Chantico
Global.
However,
growth in the classic car market is slowing, in part due to fears
of a potential interest
rate hike by the U.S. Federal Reserve and a downturn in
global liquidity.
Australia's ASX - listed life sciences sector is valued at $ 100 billion and the
global biotechnology market is expected to reach USD 727 billion by 2025, at a
growth rate of 7.4 %.
«Our «rational exuberance» rests on a combination
of above - trend US and
global economic
growth, low albeit slowly rising interest
rates, and profit
growth aided by corporate tax reform likely to be adopted by early next year,» Kostin said in a report for clients.
In a conference held on Tuesday, Lee said:» «We kept the base
rate unchanged today as there is a need to closely examine growing protectionist measures and uncertainties abroad, although the local economy is expected to keep firm
growth on the back
of improvements in the
global economy.»
We expect the slowdown to continue into the first half
of 2012, with annual GDP
growth next year falling to a still -
global - leading
rate of around 8.5 %.
The firm's likely hoping to capitalize on a significant opportunity — the
global direct - to - consumer genetic testing market is projected to grow at a compound annual
growth rate of 20 %, from $ 117 million in 2017 $ 611 million by 2026, according to Credence Research.
In 2005, the potential annual
growth rate of the
global economy — the
rate at which there is no upward pressure on inflation — was 5 %.
«With users and subscriber
growth ahead
of all other platforms in our coverage group and
global penetration
rates of streaming subscriptions still relatively low, we believe Spotify maintains a long runway for subscriber additions.»
«However, China, which accounts for 45 percent
of global steel demand, is expected to return to a more subdued
growth rate after its recent short uplift,» it said in a statement.
Returns from that era were boosted by a confluence
of factors that are unlikely to come together again: declines in inflation and interest
rates, strong
global GDP, low corporate tax, and rapid
growth in China.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain
growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount
of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability
of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain
global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange
rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
Moving forward, Navigant Research projects a compound annual
growth rate (CAGR)
of global e-bike sales
of 0.4 % from 2016 - 2025, which reflects an «anticipated decline»
of -0.8 % CAGR in China's e-bike sales over that period.
The strong expansion projected for the
global economy in 2018 and 2019 includes
growth by the advanced economies
of 2.5 % this year, easing back to the 2017
rate of 2.2 % in 2019.
With the
global economy «floating on an ocean
of credit,» the current acceleration
of credit via central bank policies will likely produce a positive
rate of real economic
growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about by zero bound interest
rates will limit that
growth and induce serious risks in future years.»
Although some are concerned about potential inflation and higher interest
rates, we still enjoy an environment
of synchronized
global economic
growth and muted macro risks.
Given the importance
of China to the
global growth dynamic, and the country's previous effective peg to the USD, it's not surprising that USD strengthening in 2014 and 2015 placed great pressure on China's
growth rate.
Although their
growth rates have slowed, their share
of GDP has continued to increase and the importance
of these countries to the pace
of global growth has also increased.
BOB PISANI, NIGHTLY BUSINESS REPORT CORRESPONDENT: The markets are facing a trifecta
of issues, higher earnings that could already be priced into the market slower
global growth and finally higher
rates.
Posted by Nick Falvo under Bank
of Canada, banks, China, Conservative government, economic crisis, economic
growth, employment, exchange
rates, financial markets, GDP,
global crisis, interest
rates, international trade, labour market, macroeconomics, manufacturing, monetary policy, recession, Role
of government, unemployment, US.
We expect the Fed to raise
rates just once this year — likely in December — and to proceed cautiously given the unevenness
of the domestic economic recovery, as highlighted by weak retail sales data released last week, and
global growth uncertainties.
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.
Global spending on drones is likely to reach $ 9 billion this year and is expected to grow at a compound annual
growth rate of 30 percent in the next five years, according to research firm IDC, which estimates more than half
of that spending will be on drones for commercial use.
Posted by Nick Falvo under Bank
of Canada, budgets, China, Conservative government, deficits, economic crisis, economic
growth, employment, exchange
rates, federal budget, fiscal policy,
global crisis, household debt, IMF, interest
rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.
For equity markets, the combination
of low interest
rates, strong economic
growth and low inflation has proved very beneficial, with
global share markets rising solidly in each
of the past three years.
The advanced economies had been rebuilt,
global savings was abundant, and other forms
of demand determined
growth rates for most economies.
Concerns over
global growth and rising interest
rates have pushed many out
of this space, but our research indicates that there are pockets within the EM landscape that have been growing.
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.
My best guess is that Beijing will drive an orderly rebalancing
of the Chinese economy, even as it drives
growth rates down to levels that most analysts would find unexpectedly low, and this will be net positive for the
global economy.
According to Allied Market Research, the
global Hadoop market spanning hardware, software and services is expected to grow from $ 2.0 billion in 2013 to $ 50.2 billion by 2020, representing a compound annual
growth rate, or CAGR,
of 58 %.
The PBO identified four key downside risks to the private sector forecast:
global growth, especially in the U.S. could be slower than anticipated; the appreciation
of the Canadian dollar could adversely affect exports; sovereign debt issues in Europe could restrain recovery there and put upward pressure on
global interest
rates; and the high level
of household debt in Canada could restrain domestic demand.
Federal Reserve officials at their January meeting believed that improving
global economic prospects and the impact
of the recently passed tax cuts had raised the prospects for economic
growth and future Fed
rate hikes in 2018.
The next implication
of having a
global moderation in trend
growth, because
of the demographic reasons I mentioned, the next consequence
of that is that the equilibrium
rate of interest also goes down.
According to Matt Hornbach,
Global Head
of Interest
Rate Strategy,
growth expectations, while boosted, remain just below FOMC consensus and he and his team expect them to decelerate in 2019.
Since the end
of quantitative easing in the U.S. in October 2014, lackluster
global economic
growth and a marked divergence among central bank policies has led to a difference in the real and forecast interest
rates in one country versus another.
Meanwhile, some
of the external factors that helped to drive profit
growth in the past three decades, such as
global labor arbitrage and falling interest
rates, are reaching their limits.
It is true that China's economy is slowing down, but lower
growth rate in the country should not be a reason for
global concern since the pace
of growth is «as much by design as by accident,» noted the article, written by British businessman Martin Gilbert, who is the founder and CEO
of Aberdeen Asset Management.
«Marketers are in need
of higher quality data to generate stronger engagement, better response
rates, and higher revenue
growth,» said Shai Alfandary, vice president,
global head
of ISVs and LaunchPoint ecosystem, Marketo.
The company's automotive OEM segment has consistently generated
growth in excess
of industry
growth — the segment's organic revenue
growth was 9 % in the quarter compared to 6 % for
global car build
growth — so if China's automotive production
growth slows then Illinois Tool Work's automotive OEM
growth rate is likely to slow significantly too.
If you think about the comparative
growth characteristics
of Netflix versus HBO, Netflix can grow at a faster
rate, they have a better business model because it's direct and they can offer better prices to consumers even if HBO chooses to go direct and it's going to be a bigger subscriber base long - term because
of their
global aspirations.»