Sentences with phrase «out national economic growth»
However, on the flip side fo the savings coin is that continued consumer spending drives out national economic growth and in many cases sustainability.
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If it turned out that in the twenty years after 1965 continuing growth of GNP had not been accompanied by improved economic welfare, then surely it was time for a national discussion of how welfare could be improved.
The resort to thinly - veiled attacks on past regimes and the effort made to run down their contributions towards economic growth and national development as a whole has long since fallen out of favour with the Ghanaian public.
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.
It has healthy household incomes and its 8.3 % unemployment rate (close to the national average) is on a downward trend, mainly because Guelph has rolled out an Economic Development and Tourism Strategy, encouraging growth in key sectors such as the life sciences, biotechnology, agri - food firms, environmental and high - tech.
As Australia's Ambassador for the Environment, Peter Woolcott, pointed out at a recent public forum at ANU Crawford School, views will diverge about «what Australia can realistically achieve given its unique national circumstances and characteristics, including its resource endowment, and economic and population growth».