Sentences with phrase «growth in nominal terms»

Based on average realisation ratios, the survey would imply only moderate growth in nominal terms for the year, and roughly flat equipment investment in real terms.

Not exact matches

By secular reflation, we mean at least a decade in which short - and long - term interest rates stay habitually below nominal GDP growth and high grade bonds are not really bonds any more: delivering trend returns that are close to zero or even negative.

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.

In that case the economy would need to slow two full percentage points, to a nominal growth rate of 3.6 %, to match the longer - term average.

Our model indicates that going forward, long - term yields will likely be subject to three upward pressures: (1) Our forecasted increase in inflation will boost nominal GDP growth; (2) As forward guidance is replaced by a data - dependent monetary tightening, volatility in short rates will increase; and (3) As the impact of QE on the Treasury market fades, long - term yields will trend back to their historical link with nominal GDP growth.

For expenditure on machinery and equipment, growth of around 2 per cent is expected in nominal terms.

In terms of the real economy, the simple answer is faster nominal growth.

During this period, a smoothed average of nominal growth explains almost 60 % of the variation in long - term rates (see the chart below).

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.

I should note that in each of these models, we're assuming a long - term growth rate for cyclically - adjusted earnings, revenues, dividends, nominal GDP and so forth of about 6.3 % annually.

Coming to wage growth, the average annual weekly earnings of employees in nominal terms (not adjusted for inflation) increased by 2.2 percent with bonuses and 2.1 percent excluding bonuses.

In that case the economy would need to slow two full percentage points, to a nominal growth rate of 3.6 %, to match the longer - term average.

And America is a growth company, even if it is only growing at 2 % instead of 3 % in real terms or 4 % instead of 6 % in nominal terms at the time being.

In nominal terms, this is GDP growth of 10 %, which is so far above the average GDP growth that investors fail to anticipate it, and therefore misprice equities.

Over the period 2005 - 2016, rates and taxes grew at an annualized rate of inflation +8.2 % equating to a compound annual growth rate of 12.1 % in nominal terms.