Mounting private debt claims a portion
of nominal economic growth for debt service and therefore increased emissions that contributes only to the welfare of the credit issuers, mostly large financial institutions or speculative traders and not to overall social welfare or, on average, net incomes of the borrowers.
The New York City Economic Development Corporation projects that the new institute will generate $ 3.9 billion
of nominal economic growth over the next three decades, with more than 4,000 permanent jobs created.
Indeed, because the level of interest rates at any point in time is highly correlated with the level
of nominal economic growth over the preceding decade, the relationship between starting valuations and actual subsequent S&P 500 nominal total returns is nearly independent of interest rates.
Not exact matches
If real GDP were to increase at 10.3 % instead
of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to
economic growth (this calculation assumes that
nominal GDP grows at the same proportion as real GDP; it is more likely that
nominal GDP would rise even higher as such quick
economic growth would be inflationary, pushing that $ 6.6 billion figure even higher).
Gundlach, the chief executive
of DoubleLine Capital, told Reuters on Saturday that it is «hard to love bonds at even 3 percent when GDPNow for Q1 2018 is suggesting annualized
nominal GDP
growth above 7 percent,» referring to a new indicator
of economic growth from the Atlanta Fed.
Finally, in a
nominal GDP targeting regime, a decline in r - star caused by slower trend
growth automatically leads to a higher rate
of trend inflation, providing a larger buffer to respond to
economic downturns.
While price level or
nominal GDP targeting by monetary authorities are options, fiscal and other policies must also take on some
of the burden to help sustain
economic growth and stability.
Nominal economic growth would have to slow very dramatically over the balance
of the year — much more than assumed in the November 2012 Update.
Well, we know that earnings, revenues, and
nominal GDP have historically proceeded at a peak - to - peak
growth rate
of 6 % annually across
economic cycles.
However, the slower - than - expected
economic growth in 2013 and the accompanying lower level
of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit
of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.
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.
This marks the fourth consecutive quarter
of nominal increases and was the fastest pace
of yearly
growth since 2006, Bureau
of Economic Analysis data show.
Then again, a sustained period
of suppressed interest rates is only likely in a continued environment
of restrained
nominal economic growth.
The private sector economists are surveyed for only a selective number
of aggregate
economic and financial indicators: real gross domestic product (GDP)
growth; GDP inflation,
nominal GDP;, the 3 - month treasury bill rate;, the 10 - year government bond rate;, the unemployment rate; the, consumer price index; the exchange rate (US cents / Cdn $); and finally, and U.S. real GDP
growth.
Investors have been increasingly anticipating an extension
of the bull market and better
nominal economic growth in 2017, with consensus for 2017 now squarely centered on reflationary outcomes.
The Minister
of Finance announced yesterday that, while the Canada Health Transfer and Equalization will be tied to
nominal economic growth (projected to be about 4 % annually), the Canada Social Transfer for post-secondary education and other provincial services will grow at only 3 % annually.
As Bank
of Japan governor Haruhiko Kuroda put it: «With the level
of nominal interest rates being high, Japan's economy will have more policy room to mitigate the impact
of future
economic downturns, or will be equipped with a sort
of insurance for sustained
economic growth.»
Despite delivering forty four consecutive quarters
of nominal GDP
growth, Labour's embrace
of 1980s neo-liberalism guaranteed neither
economic stability nor the sound productive base necessary to sustain long - term social investment.
The data is unambiguous on current
economic conditions - GDP
growth in the last quarter
of 2015 was a meager 2.11 % with full year
growth of 2.79 % according to the National Bureau
of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects
of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate
of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a
nominal N197 / $ for privileged persons; several
economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out
of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end
of 2015.
Local reports have claimed that Ghana loses US$ 4.5 billion every year (annually) from
nominal gross domestic product (Nominal GDP) growth as a result of economic corruption and economic crime by the incumbent National Democratic Congress (NDC) government of Ghana led by John Dramani
nominal gross domestic product (
Nominal GDP) growth as a result of economic corruption and economic crime by the incumbent National Democratic Congress (NDC) government of Ghana led by John Dramani
Nominal GDP)
growth as a result
of economic corruption and
economic crime by the incumbent National Democratic Congress (NDC) government
of Ghana led by John Dramani Mahama.
Usually the TSX can capture
nominal economic growth at a rate
of roughly 4 % annually.
ECONOMIC OVERVIEW Minister
of the Economy: Roberto Lavagna Currency: Peso Financial Exchange Rate: US$ 1 = 3.6 Argentine Pesos (10/29/02)
Nominal Gross Domestic Product (2001E): $ 267.6 billion (2002E): $ 111.3 billion Real GDP
Growth Rate: (2001E): -4.5 % (2002E): -13.7 % Inflation Rate: (2001E): -1.1 % (2002E): 30.7 % Unemployment Rate: (2002E): 22 % Current Account Balance as a %
of GDP: (2001E): -1.7 % (2002E): 7.3 % Major Trading Partners: Brazil, United States, Japan, Uruguay, Chile, Germany, France Major Export Products (2000): Agricultural products (including manufacturing
of agricultural products)(55 %), industrial products (30 %), energy (15 %) Major Import Products (2000): Consumer goods (23 %), industrial inputs (including raw materials)(34 %), capital goods (43 %)
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. 200
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. 200
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.