Sentences with phrase «nominal gross domestic product»

This was based on real GDP growth of 2.0 % and nominal gross domestic product growth of 1.6 % in 2015.

This would mean an additional reduction in nominal gross domestic product (GDP) by $ 20 billion per year and a corresponding reduction of $ 3 billion in budgetary revenues.

This does appear overly optimistic, as nominal gross domestic product (GDP)-- adjusted for the risk adjustment factor - is only expected to increase by only 3.3 %.

Yet low nominal gross domestic product growth and aging populations argue for lower bond yields than in the past — and sustained demand for high quality bonds.

Slow nominal gross domestic product (GDP) and central bank policy have already conspired to rob bond investors of income.

Responsible new leadership at the Fed will have to give serious thought to shifting the monetary policy framework, perhaps by putting more emphasis on nominal gross domestic product growth, focusing on the price level rather than inflation (so periods of low inflation are followed by periods of high inflation) or raising the inflation target.

I suspect, for reasons I will write about in the next few days, that moving away from inflation targeting to something like nominal gross domestic product - level targeting would be a better idea.

Our analysis shows that long - term Treasury yields are 130 bps below the «normal» levels implied by their historical relationship with nominal gross domestic product (GDP) growth.

It is possible that the «market monetarists» who wanted Nominal Gross Domestic Product (NGDP) targeting won the argument for the moment.

Boiling it all down, we see respectable 2018 U.S. nominal gross domestic product growth of 4.5 % to 5 %, with the rest of the world enjoying a synchronous growth paradigm.

ECONOMIC OVERVIEW Minister of Economic Development and Trade: German Oskarovich Gref Minister of Finance: Aleksey Leonidovich Kudrin Currency: Ruble Market Exchange Rate (11/6/02): $ 1 = 31.8 rubles Nominal Gross Domestic Product (GDP)(2001E): $ 319.3 billion; (2002E): $ 352.6 billion Real GDP Growth Rate (2001E): 5.0 %; (2002E): 4.1 % Inflation Rate (Change in Consumer Prices, Dec. 2000 - Dec.

On December 19, 2011, the federal Minister of Finance announced that the federal government had decided that, beginning in 2017 - 18 and through to 2023 - 24, the annual increase in the Canada Health Transfer (CHT) would be linked to a three - year moving average in nominal Gross Domestic Product (GDP).

That said, it is not obvious that the secular factors that have been suppressing bond yields — slow nominal gross domestic product, demographics, regulatory pressure and even lower yields outside the United States — allow for a melt - up in rates.

Based on IMF (International Monetary Fund) stats, Canada is placed at 17th in terms of nominal gross domestic product (GDP) constructed on purchasing power parity (PPP).

This could offset a potential deterioration in budgetary revenues as nominal gross domestic product — the applicable tax base for federal revenues — is now expected to be below the June 2011 Budget estimate.

As I discussed back in early August and November, there are several powerful, long - term factors that are keeping rates contained: low nominal gross domestic product (GDP), itself a function of changing demographics, the disinflationary impact of technology, and even lower yields outside the United States.

This giant sector accounts for about 40 % of the country's nominal gross domestic product, according to the Bank of Canada.

In late August, Western University's Mike Moffatt, another widely read economist (and Canadian Business commentator), joined the discussion, writing in the Globe and Mail that the Bank of Canada should target the growth of nominal gross domestic product.

However, nominal gross domestic product (GDP) is projected to grow only slightly faster in 2013 than 2012, a year in which no improvement in the deficit outlook is expected.

Table 1 compares the November 2012 Update economic forecast for nominal Gross Domestic Product (GDP)-- the applicable base for budgetary revenues - to the March 2012 Budget forecast.

Nominal gross domestic product, the broadest measure of the tax base for federal revenue, is projected to be about 6 per cent higher in 2010 than in 2009, which should impact positively on federal revenues.

Currently, the Department of Finance only using the major aggregates of economic activity — real and nominal gross domestic product (GDP), short and long - term interest rates, etc..

However, nominal gross domestic product (GDP) is projected to grow only slightly faster in 2013 than 2012 and no improvement in the deficit outlook is expected for 2012 - 13.

First, the PBO revised down its forecast of nominal gross domestic product (GDP)-- a measure of the applicable tax base for budgetary revenues — by $ 20 billion in 2015, rising to about $ 40 billion in 2017, reflecting both downward revisions to real GDP and inflation.

Nominal Gross Domestic Product (GDP), a proxy for the federal government's tax base, increased by 5.8 per cent in 2011 to almost $ 1.8 trillion.

This market is an economy with approximately a billion people, a nominal Gross Domestic Product (GDP) of $ 2.4 trillion and a market capitalisation of $ 1.7 trillion.

China's nominal gross domestic product (GDP) rebound is reflected in producer prices turning positive year over year for the first time in nearly five years last month.

To forcefully tackle the unemployment problem, he needs to set a new policy framework — in this case, to begin targeting the path of nominal gross domestic product.

In addition, as was the case in the March budget the Government adjusted downward the average private sector forecast for nominal gross domestic product (GDP) by $ 10 billion per year as an «an adjustment for risk».

The Minister did make some marginal downward adjustments to the level of nominal gross domestic product (GDP), reducing the average private sector forecast by $ 10 billion in both 2011 and 2012 and by $ 5 billion in 2015.

In December 2011, Minister Flaherty unilaterally announced to the provinces that the annual Canada Health Transfer escalator would be cut from 6 per cent per year to a moving average of growth in nominal gross domestic product, or would grow by at least 3 per cent per year.

In the March 2016 Budget, Finance Minister Morneau reduced the private sector economists» forecast of average nominal gross domestic product (GDP) by $ 40 billion per year.

But PBO's nominal gross domestic product is equal to or higher in each year compared to the Budget 2013 «risk adjusted» forecast.

In the budget, nominal gross domestic product (GDP) was reduced by $ 40 billion annually throughout the forecast period, implying a fiscal prudence factor of $ 6 billion per year, twice the normal amount of prudence.

[9] Final sales to domestic producers (FSDP) is defined as «the sum of nominal gross domestic product plus imports minus exports minus the change in private inventories.»

Slow nominal gross domestic product (GDP) and central bank policy have already conspired to rob bond investors of income.

The velocity of money can be calculated as the ratio of nominal gross domestic product (GDP) to the money supply (V = PQ / M), which can be used to gauge the economy's strength or people's willingness to spend money.

The progress in the general insurance industry has kept pace with the nation's nominal gross domestic product (GDP), leading to general insurance penetration staying constant in the range of 0.55 - 0.75 % over the last 10 years.