Sentences with phrase «major drag on economic growth»
Poor sanitation can demand high environmental cleanup costs, and are a major drag on economic growth, notes Jaehyang So, manager of the Water and Sanitation Program at the World Bank.
https://www.scientificamerican.com/ Not exact matches
Just as important, at a time when fears over China's slowing economy are widespread and there's evidence of retail saturation in the country's major metropolitan areas, nearly half of survey participants said they expect to be better off financially in the next 12 months — and they are eager to spend, contrary to gloomy assumptions about the drag of sluggish economic growth on consumer sentiment.
Investment, which accounts for about half of China's economic output, was a major drag on growth in the fourth quarter, a result of monetary authorities making credit more expensive.
There is also ample scope for reforming tax systems to deal much more effectively with broader environmental and related problems that can be a significant drag on economic growth, such as the health and productivity impacts of poor air quality, and severe congestion of major urban centers.