You might think 7 % is too high, but there are significant
risks to growth in any economy from government intervention, plague, war, famine, etc..
Moreover, contagion effects from the sovereign debt crisis in the euro zone, which appears to be slipping into recession, are expected to remain as a primary
risk to growth in 2012.
Not exact matches
«When you're
in your 30s, you still have a long flight path... so you still have quite a bit of time
to take measured
risks, at least when it comes
to markets,
to be able
to build your portfolio and have more
growth,» Snider said.
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.
Fukakusa was circumspect
in addressing the question, writing the bank will «look for the right balance between investing
in our businesses for long - term
growth, returning capital
to shareholders through dividends and share buybacks, and pursuing select acquisitions that fit our strategy and
risk appetite.»
The question for Poloz is whether
to follow suit, and
risk reining
growth in too much, or hang back, which could result
in downward pressure on the loonie.
In its last assessment, S&P said that Portugal's outlook was stable, «balancing our expectation of further budgetary consolidation and likely receding banking sector
risks over the next two years against the
risks of a weakening external
growth environment and vulnerabilities related
to high private - and public - sector debt.»
What that means is that you are
in an environment that is going
to have further trouble
in terms of investment returns that are
in areas that are based on economic
growth and areas that do relatively well like bonds... Broadly speaking, I think that investors should be looking for lower prices on most
risk assets
in these developed countries with the exception of Japan.»
«I will continue
to act
to ensure that household debt levels are sustainable, that lenders are acting prudently, and that increases
in interest rates or a housing market downturn don't put at
risk the economic
growth we are working so hard
to accelerate,» Morneau said.
Comments: «
In addition to forecasting positive earnings growth this year (which we did not in 2012), we are also using a slightly higher multiple to reflect the positive impact of heavy central bank intervention on the equity risk premium.&raqu
In addition
to forecasting positive earnings
growth this year (which we did not
in 2012), we are also using a slightly higher multiple to reflect the positive impact of heavy central bank intervention on the equity risk premium.&raqu
in 2012), we are also using a slightly higher multiple
to reflect the positive impact of heavy central bank intervention on the equity
risk premium.»
«U.K. businesses
risk missing out on global
growth and also
risk failing
to position for the future
in the U.K. if they continue
to wait for the clouds surrounding the economic outlook
to clear,» Gregory said.
But we expect
to be
in a better place by mid 2013, as BofAML economists expect a bottoming
in China
growth, reduced tail
risk from Europe, and a multi-stage fix
to the Fiscal Cliff.»
«Given the modest acceleration
in growth that we forecast and the many downside
risks around these forecasts, it seems overly optimistic
to suggest that the global economy has reached «escape velocity,»» said Barclays economist David Fernandez.
Asia and Latin America are not
risk - free, but «there seems
to be sense
in buying equities
in these regions on similar or lower valuations than their counterparts
in the developed world given that dividend
growth is likely
to be superior, given higher economic
growth potential.»
One possible
risk would be a sharp decline
in economic
growth, but that doesn't currently look
to be on the near - term horizon.
So, our unsolicited advice
to the administration,
in its quest
to spur economic
growth: Make sure the world's best minds — the most creative
risk takers, innovators, and job creators — continue
to believe the American story.
However, protectionism, unexpected rapid tightening of monetary policy
in some countries, and geopolitical tensions
in North Korea and the Middle East pose potential
risks to global
growth, Kuroda said.
Unfortunately, over the past 30 years or so, we've been seduced by Wall Street into believing we must
risk our money
in order
to achieve
growth of any significance.
A monetary policy intended
to spark
growth, then,
in fact,
risks reducing consumer spending.
Powell
in statements throughout the year, culminating with his recent Senate confirmation hearing, has been clear he sees little
risk of inflation that would prompt the Fed
to raise rates faster than expected, and takes weak wage
growth as a sign that sidelined workers remain
to be drawn into jobs.
Such
risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for
growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected
to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due
to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability
to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred
to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins
to receive the required regulatory approvals (and the
risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and
to satisfy the other conditions
to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise
to a right of one or both of United Technologies or Rockwell Collins
to terminate the merger agreement, including
in circumstances that might require Rockwell Collins
to pay a termination fee of $ 695 million
to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20)
risks related
to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21)
risks relating
to the value of the United Technologies» shares
to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22)
risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23)
risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company,
to retain and hire key personnel.
The four conglomerates originated
in different sectors, but their underlying business model is the same: cultivate powerful allies
in the Communist Party; use those relationships
to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources
to finance prodigious
growth plans; invest as aggressively as possible
in stock and property overseas as a hedge against slower
growth in China and the
risk of a weaker Chinese currency.
However, the decline
in GDP
growth was much larger at 4pp (
to -1.1 % y / y from 3.1 % prior
to the increase
in the VAT), implying significant downside
risk to our estimates.»
«As
growth slows and
risk of deflation heightens, we reiterate that China needs
to cut reserve requirement ratio (RRR) by another 50bps
in Q4,» ANZ economists Li - gang Liu and Louis Lam, said
in a note.
The huge
growth in wealth generated by China's explosive progress also presents a
risk that the country will go the way of Japan, which has suffered from a 40 - year recession
in which the economy has failed
to grow even 1 % over the past 20 years, Ramasamy tells boot camp participants.
China's banks extended a record 2.9 trillion yuan ($ 458.3 billion)
in new yuan loans
in January, blowing past expectations and nearly five times the previous month as policymakers aim
to sustain solid economic
growth while reining
in debt
risks.
«Although we expect that the Greek government will implement the required measures, the
risk of early elections is increasing given the rising political cost
to the government and its slim majority
in the parliament... Early elections might bring a new and more reform - minded conservative government, but Greece's economy would be hit again by prolonged uncertainty, after having just started
to record positive
growth,» Moody's said.
The
risk of an escalation
in which there were a broad - based tariff across a range of Chinese goods followed by a response from Beijing that was commensurate with that would cause a hit
to U.S. and Chinese
growth, a rise
in U.S. inflation and possibly prompt China
to take domestic action
to boost
growth.
S&P Global Ratings Tuesday said the economic
risks facing financial institutions operating
in New Zealand have heightened, partly due
to continued strong
growth in residential property prices.
The White House has yet
to spell out how much of a hole the tax cuts could create
in the federal budget, maintaining that the resulting economic
growth would reduce — if not eliminate — the
risk of a soaring deficit.
He can't
risk doing anything
to those classic soups that might hurt margins or sales, because Campbell needs that «big economic engine,» he says,
to invest
in fast -
growth areas.
«
Growth in household borrowing has moderated and residential investment is on a more sustainable track,» Poloz assured the business audience, adding, however, that «nonetheless, the
risks around this base case need
to be managed.»
Such capital - intensive
growth is not without considerable
risks, but investing
in more than you need — C.R. Plastic's latest home is three times the size of its previous headquarters — can be smart, «[if] you've got good market indicators that you will grow into it,» according
to Susan Rohac, vice-president of
growth and transition capital for Ontario and Atlantic Canada at BDC.
Contrary
to expectations that Beijing would finally embrace painful restructuring and financial deleveraging
to reduce the
risks of a financial crisis and make
growth sustainable, Li proclaimed that China would achieve GDP
growth of between 6.5 % and 7 % for 2016, similar
to the 6.9 % GDP
growth the Chinese government reported
in 2015.
Readers are cautioned that these forward - looking statements are only predictions and may differ materially from actual future events or results due a variety of factors, including, among other things, that conditions
to the closing of the transaction may not be satisfied, the potential impact on the business of Accompany due
to the uncertainty about the acquisition, the retention of employees of Accompany and the ability of Cisco
to successfully integrate Accompany and
to achieve expected benefits, business and economic conditions and
growth trends
in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties
in the geopolitical environment and other
risk factors set forth
in Cisco's most recent reports on Form 10 - K and Form 10 - Q.
Slower user
growth is a
risk, he writes
in a February 6 report, but he thinks the changes that Twitter has said it would make — improving content discovery, enhancing direct messaging and making it easier for new users
to adapt quickly — will boost
growth going forward.
Governments tend
to be more stable when an economy is healthy, but significant deterioration
in economic
growth can increase political
risk.
«With the US labor market recovery gaining momentum, the hope for stronger global
growth in 2014 is motivating investors
to take on
risk,» said Kathy Lien, managing director of FX Strategy at BK Asset Management.
That is, Uber's propensity for
risk has caused it
to target a rate of
growth much faster than what would be sustainable if it were
to seek profitability
in the short run (and, arguably,
in the long run), and has also led both
to oversights and deliberate missteps
in areas that have led
to the controversies that plague it today.
One is the willingness of many bankers
to form partnerships with other financing entities
in cases
in which they might be afraid
to assume all those
growth - company
risks by themselves.
«There was still a
risk that
growth in consumption might turn out
to be weaker than forecast if household income
growth were
to increase by less than expected.»
It also has an aggressive culture and
growth strategy set by a CEO who is so headstrong, so enthusiastic, and so combative
in defense of his big idea that he is at
risk of seeming like a parody of today's tech entrepreneur — up
to and including having a thing for Ayn Rand.
«The question from a financial stability point of view is whether or not those measures,
to the extent they encourage more credit and more investment, may not buy some more
growth today, but increase the
risk of some disruption
in growth further down the road,» Carolyn Wilkins, the Bank of Canada's senior deputy governor, said at least week's press conference.
These
risks and uncertainties include: Gilead's ability
to achieve its anticipated full year 2018 financial results; Gilead's ability
to sustain
growth in revenues for its antiviral and other programs; the
risk that private and public payers may be reluctant
to provide, or continue
to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures
in European countries that may increase the amount of discount required on Gilead's products; an increase
in discounts, chargebacks and rebates due
to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift
in payer mix
to more highly discounted payer segments and geographic regions and decreases
in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations
in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations
in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments
to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability
to initiate clinical trials
in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations
in Gilead's earnings; Kite's ability
to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability
to submit new drug applications for new product candidates
in the timelines currently anticipated; Gilead's ability
to receive regulatory approvals
in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability
to successfully commercialize its products, including Biktarvy; the
risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant
to prescribe the products; Gilead's ability
to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta
in combination with Pfizer's utomilumab; Gilead's ability
to pay dividends or complete its share repurchase program due
to changes
in its stock price, corporate or other market conditions; fluctuations
in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other
risks identified from time
to time
in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
In February, the Federal Reserve restricted Wells Fargo's loan
growth until it makes several internal changes
to its
risk management.
Pressing pause on expansion
to new cities, and focusing instead on growing within existing markets, carried significant
risks, especially during a period
in which the «
growth uber alles» ethos still reigned.
Greg Priddy, an analyst with political -
risk consultancy Eurasia Group, noted
in a recent commentary that «the Alberta and federal governments, along with the oil and gas sector, broadly support the effort
to diversify Canadian energy exports
to high
growth markets
in Asia.»
But that has prompted regulators
in the country
to crack down on the cryptocurrency sector,
in a bid
to stamp out potential financial
risks as consumers pile into a highly risky and speculative market that has seen unprecedented
growth this year.
When it comes
to valuations, U.S. and emerging market credit spreads reached post-crisis tights
in late 2017, reflecting low default
risks against a backdrop of solid global
growth.
«We must tackle the underlying causes of deteriorating liquidity and the financing
in venture markets soon,» says Russell, «or run the
risk of losing the best source of capital
to grow small - and medium - sized Canadian businesses into globally competitive enterprises that drive job creation, innovation and economic
growth.»