Not exact matches
«Our view has been that the boost to
real incomes from lower energy prices — and its positive impact
on consumer spending — would offset the
drag from energy - related investment, resulting in gains for US GDP
growth on net,» Hui Shan and Zach Pandl said in their report.
By the middle of 2016, Buiter reckons China's
real growth could be around 2.5 %, which would certainly weigh heavily
on global
growth, and provide a
drag on stock markets around the world.
A sharp sell off in the equity market «exerts a significant
drag on world
growth» in the period that follows, according to Deutsche Bank, with
real GDP reduced by about 0.5 percentage points.
Morgan Stanley U.S. chief economist Ellen Zentner estimates that a 20 % broad - based tariff increase could, after four quarters, result in a 1 percentage point
drag on real U.S. GDP
growth.
The result is that excessive saving acts as a
drag on demand, reducing
growth and inflation, and the imbalance between savings and investment pulls down
real interest rates.