Recent concerns
over global economic growth and credit quality in China certainly played a role in January's decline.
While stocks fell around the world this week amid growing concerns
over global economic growth, Europe's slowdown can't stop emerging market population growth that drives long - term commodity demand.
In my weekly commentary, I go over some of the reasons behind that skid: fears
over global economic growth, a poor retail sales report in the U.S. and an uneven start to the fourth - quarter corporate earnings season.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of
global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of
global economic uncertainty or otherwise; 8) the effect of
economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control
over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Over the coming decade, the 600 largest and best - connected cities on the planet will contain a fifth of the world's population, capture almost two - thirds of its
economic growth, and encompass more than half of
global GDP, according to the McKinsey Global Inst
global GDP, according to the McKinsey
Global Inst
Global Institute.
Markets have been on edge
over elevated trade rhetoric between the two countries possibly resulting in a potential trade war, which would be a negative for
global economic growth.
Emerging markets also account for
over 50 % of world GDP, and have been responsible for the lion's share of
global growth ever since the 2008 financial crisis, but capital has flooded out of them as the Federal Reserve has tightened its monetary policy and the limits of China's
economic model have become apparent.
New York, Dec 11 - U.S. stocks edged higher in intraday trading on Monday after worries receded
over an explosion in New York's busy Port Authority commuter hub, while stocks rose around the world on continued solid
global economic growth indicators.
Even though analysts have forecast continued momentum in
global economic growth, concerns remain
over how policy normalization might bring about changes after almost a decade of easy money.
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated and segment basis; projected total revenue
growth and
global medical customer
growth, each
over year end 2017; projected
growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax rate; future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future
growth, business strategy, strategic or operational initiatives;
economic, regulatory or competitive environments, particularly with respect to the pace and extent of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for
growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.
Gross adds that the
global monetary system, which has evolved and morphed
over the past century but always in the direction of easier, cheaper and more abundant credit, may have reached a point at which it can no longer operate efficiently and equitably to promote
economic growth and the fair distribution of its benefits.
A positive relationship between the United States and China is crucial for promoting
global growth and development, but it is increasingly fraught by disagreements
over what a fair
economic relationship looks like.
Emerging market currencies have been hit by a sell - off in the first week of trading this year after weak
economic data in China rekindled worries
over global growth and halted trading on Chinese equity markets on two days.
2014.10.23 RBC Investor & Treasury Services quarterly survey: Canadian pension assets inch higher in Q3 Pension assets rose for a fifth successive quarter despite concerns
over anemic
economic growth in the Eurozone and escalating
global issues during the three months ending September, according to the latest survey from RBC Investor & Treasury Services...
Success in altering a
growth dynamic while deflating a housing bubble and avoiding a credit crunch will be one of the key
global economic events to watch
over the next 12 to 24 months.
Kerstin Braun, executive vice president of Coface North America, says the
global market for trade credit insurance has steadily improved
over the past year as an
economic uptick has increased corporates» access to bank loans and let them focus on their
growth.
However,
over the medium - term, we think this change should be a measureable positive for
global economic growth and corporate earnings in general.
Market volatility, in the face of worries
over slower
global economic growth, has led investors to become more critical of new offerings.
As we head into the final weeks of 2017,
global stocks are at record highs, as investors mull
over recent
economic and earnings
growth.
Industrials are likely to provide lackluster returns
over the coming years given the dour
economic outlook for
global growth.
Overall, however, we would agree with the recent assessment by the OECD of only a relatively limited improvement to
global economic growth over the rest of this year.
Overall, we would agree with the recent assessment by the Organisation for
Economic Co-operation and Development (OECD) of only a relatively limited improvement to global economic growth over the rest of th
Economic Co-operation and Development (OECD) of only a relatively limited improvement to
global economic growth over the rest of th
economic growth over the rest of this year.
Crude oil prices edged up on Friday boosted by stronger than expected U.S.
economic data though the longer - term outlook for energy markets remains weak due to a
global oil supply glut and uncertainty
over economic growth prospects in Asia.
Many won't forget the stellar equity
global equity market returns in 2013 of
over 30 % in many parts of the world in the face of sluggish
economic growth.
Despite a persistent degree of consumer caution and a competitive retail environment, Australia's
economic outlook
over the coming 12 months will experience modest improvements due to lift in
global trade, China's demand for commodities, tourism and
growth in Australian household wealth.
This is bad news for China as it has long valued
global economic stability within which to pursue its own reform agenda, but is particularly worrisome now as the country grapples with difficult choices
over how to develop «new engines of
economic growth».
For example, Konisky's analysis of the survey responses from 1990 through 2015 indicates that Christians, compared to atheists, agnostics and individuals who do not affiliate with a religion, are less likely to prioritize environmental protection
over economic growth, and they are more likely than others to believe
global warming is exaggerated.
The tropics also have outperformed the rest of the world in
economic growth over the past 30 years; it now represents approximately 18.7 % of
global economic activity, up from 14.5 % in 1980.
By comparison, scenarios for fossil fuel emissions for the 21st century range from about 600 billion tons (if we can keep total
global emissions at current levels) to
over 2500 billion tons if the world increases its reliance on combustion of coal as
economic growth and population increase dramatically.
Over the last several years, many brands have made significant investments expanding their retail presence in the Middle Kingdom, driving the
growth that has thus far protected the luxury fashion sector from
global economic woes.
In spite of dire levels of carbon in the atmosphere, the
global community has not changedcourse and keeps pursuing
economic growth over the alternative, which is sustainable use of scarce resources.Due to powerful media propaganda - endorsing
growth at all costs, there is a fundamental indifference by the community, which is reflected as apathy accepting a more holistic point of view.
The second half of 2015 was marked by significant market volatility, which was brought forth by plunging commodity prices, a strengthening U.S. dollar, growing
global concerns
over Chinese
economic growth, and the subsequent devaluation of the Chinese renminbi.
Despite «weak activity in 2015,
global economic growth is expected to strengthen
over 2016 - 17.»
Asia: Powering
global tourism: The second session follows the macro evaluation of the region and will consider tourism
growth in Asia
over the next ten years and how the socio -
economic situation discussed in the first session will impact the industry.
* The role of the US in
global efforts to address pollutants that are broadly dispersed across national borders, such as greenhouse gasses, persistent organic pollutants, ozone, etc...; * How they view a president's ability to influence national science policy in a way that will persist beyond their term (s), as would be necessary for example to address
global climate change or enhancement of science education nationwide; * Their perspective on the relative roles that scientific knowledge, ethics, economics, and faith should play in resolving debates
over embryonic stem cell research, evolution education, human population
growth, etc... * What specific steps they would take to prevent the introduction of political or
economic bias in the dissemination and use of scientific knowledge; * (and many more...)
the impact on
global economic growth begins to mount
over time and even conservative estimates put the costs at up to 3 percent of
global GDP annually if the Earth's temperature were to rise 2 - 3 degrees C, which many scientists believe could begin to happen as early as mid-century?
At least two German states are prioritizing
economic growth over fighting
global warming, according to Breaking Views.
The red line with yellow range represents the warming to come
over the next 90 years in one of the more moderate IPCC business - as - usual emissions scenarios (A1B - rapid
global economic growth with a balanced emphasis on all energy sources).
The first concluded that
global carbon emissions
over the last decade have risen, thanks mostly to rapid
economic growth in China and India.
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western
Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S.
Over a Barrel: Shifting Terms of Trade Between Grain and Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «
Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World
Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the
Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population
Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
The
global economy has been decarbonizing «naturally» via
economic growth (more efficient use of energy can be an advantage
over your competitors).
The fact that poor Asian countries with most of the world's population have enjoyed faster
economic growth rates than the rich countries
over the past 30 years is probably the most important socio -
economic fact of our time, but it wasn't foreseen by the modellers and, incredibly, many in the IPCC milieu still deny that it's happened: three IPCC chapters (Chapters 1 and 9 of the WG II report and Chapter 1 of WG III report) go out of their way to assert that
global inequality has been increasing in recent decades.
China can make these emissions reductions within the tight constraints of a
global 2ºC target while still meeting development and
economic growth goals
over the next four decades.
The difference is due to the effects of
global warming at hampering the
economic growth of nations
over the course of decades, or even centuries.
CEOs were less optimistic about
global growth prospects than when PwC surveyed them a year ago, with just
over a third expecting
global economic growth to improve in 2015, down from 44 % last year.
WEO - 2017, the International Energy Agency's flagship publication, finds that
over the next two decades the
global energy system is being reshaped by four major forces: the United States is set to become the undisputed
global oil and gas leader; renewables are being deployed rapidly thanks to falling costs; the share of electricity in the energy mix is growing; and China's new
economic strategy takes it on a cleaner
growth mode, with implications for
global energy markets.
Both bottom - up and top - down studies indicate that there is substantial
economic potential for the mitigation of
global GHG emissions
over the coming decades, that could offset the projected
growth of
global emissions or reduce emissions below current levels (high agreement, much evidence).
Both bottom - up and top - down studies indicate that there is substantial
economic potential for the mitigation of
global GHG emissions
over the coming decades, that could offset the projected
growth of
global emissions or reduce emissions below current levels
After a long and stuttering recovery from the
global financial crisis, the forecast in association with Oxford Economics, predicts an uptick in transactional activity, based on
global economic activity increasing to an average
growth rate of 2.9 % per year
over the next three years, compared to an annualized 2.5 % since 2012.