Reform advocates
say economic growth rates will plunge, undermining the ruling party's claim to power, if industries from energy to telecoms to banking that are controlled by state companies are not opened to competition.
Not exact matches
«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.
Fed Chair Janet Yellen
said in prepared remarks Tuesday that waiting too long to raise interest
rates would be «unwise,» given the rise in inflation and
economic growth.
In its spring forecast, the European Commission
said it expects
economic growth across the 28 - country EU to dip to 2.3 percent this year, from last year's decade - high
rate of 2.4 percent.
The Fed is moving to align interest
rates with solid
economic growth,
says Brian Jacobsen of Wells Fargo.
Ma
said the environmental damage of the high
rate of
growth has been severe, and there are other advantages to embracing the
economic slowdown.
HALIFAX — The loonie fell sharply Tuesday after Bank of Canada governor Stephen Poloz delivered a gloomy speech
saying slow
economic growth is probably the new norm, requiring central bankers to keep interest
rates low during a long period of stagnation.
Since launching his campaign, the former Florida governor has
said his goal is to return the U.S.
economic growth rate to at least 4 percent, primarily through a tax overhaul.
It
said global
growth continued to be solid and broad - based, the economy was running close to its potential and stronger business investment suggested
economic capacity could grow even further without lifting the inflation
rate.
Comment: «Air cargo traffic remains a watch item for us as the gradual market recovery continues amid modest overall global
economic growth rates,»
said Dennis A. Muilenburg.
U.S.
economic growth and the expectation for higher interest
rates should also give the rally in the dollar more fuel,
said Gina Sanchez, CEO of Chantico Global.
Although he did not disclose details, Treasury Secretary Steven Mnuchin
said Monday the lower tax
rates would generate so much
economic growth that it would hold the deficit in check.
«Our «rational exuberance» rests on a combination of above - trend US and global
economic growth, low albeit slowly rising interest
rates, and profit
growth aided by corporate tax reform likely to be adopted by early next year,» Kostin
said in a report for clients.
Rising
rates are good for stock valuations because they reflect underlying
economic growth and inflation, which are both good for profits, at least initially, Lakos - Bujas
said.
The OECD noted that «short - term inflation expectations appear to be inching upwards,» and
said that the Bank of Canada, which has kept interest
rates to promote
economic growth, «should soon resume tightening at a moderate pace.»
He
said world
economic growth is looking lower at a time when the Fed appears to be ready to raise interest
rates while most other central banks are easing.
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 ECB chief
said Monday: «while the exchange
rate was not a policy target it was important to
growth,» adding that
economic indicators signaled further weakness in the euro zone.
«Canada's
economic growth has moderated, and the economy is operating close to capacity,» the bank
said in its latest monetary policy report, which was released alongside the
rate announcement.
That
said, the big - picture
economic themes we discussed in the beginning of the year still appear to be in place: slow - but - steady
growth, low inflation and low
rates.
OTTAWA, Oct 19 (Reuters)- The Bank of Canada cut its
growth forecast on Wednesday and
said it actively discussed adding more monetary stimulus to speed up the nation's
economic recovery, surprising financial markets by shifting tone dramatically after its initial
rate decision.
In
saying the Fed expected «moderate»
economic growth, «additional strengthening in the labor market» and inflation rising toward the central bank's annual 2 % target, Yellen appeared to be preparing financial markets for a potential
rate hike after the central bank's Sept. 20 - 21 meeting.
He touted robust employment, low inflation and accelerating
economic growth, and he
said the Fed would continue its strategy of gradually increasing its benchmark interest
rate to keep inflation in check.
He has
said that he is quite comfortable with
economic growth of around 2 per cent or less for 2013, even though this would not reduce the unemployment
rate, currently stuck at 7.2 per cent.
«By immediately lowering the corporate tax
rate to 20 percent, this bill will stimulate investment, job creation and
economic growth in the United States,»
said Randall Stephenson, AT&T chief executive.
«The energy sector posted stronger returns in September due to a rebound in oil prices which helped lift Canadian equities, while the bond market slipped into negative territory after strong Canadian
economic growth led the Bank of Canada to raise interest
rates for the first time in seven years,»
said James Rausch, Head of Client Coverage, Canada, RBC Investor & Treasury Services.
When, you know, people look at history and look at the traditional
economic models that
said, «This sort of
growth, this sort of wage, you know, 4 % unemployment
rate, my God, you're gonna see this sort of inflation.»
The head of the European Central Bank
says recent signs of weakening
economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest
rate policy.
The Bank of England earlier this month
said the resulting uncertainty is starting to affect companies» business and investment decisions, prompting it to hold interest
rates steady and cut its
economic growth forecasts for 2017 and 2018.
If foreign
economic growth is slower than anticipated, the Fed could raise
rates more slowly than otherwise, he
said.
And in an interview with Fox News on Friday, Mr. Trump
said that, with better trade deals, the United States should be able to lift the
rate of
economic growth to 5 percent or more in a few years.
The Fed's
rate - setting committee also downplayed a recent slowdown in
economic and job
growth,
saying that activity had been expanding at a moderate
rate and job gains, on average, had been strong in recent months.
In a policy statement last month, Fed officials
said they expect inflation «will remain subdued» and that the Fed «sees some risk that inflation could persist for a time below
rates that best foster
economic growth and price stability in the longer term.»
«We continue to benefit from interest
rate rises and
economic growth, particularly in Asia,» Mr Flint
said.
If it raises
rates too quickly, the bank risks choking off
economic growth, falling short of its ideal inflation target of two per cent and could lead to the type of financial stability risk it's trying to avoid, he
said.
Natalia Orlova, head economist at Alfa Bank,
said the central bank might now take more time over interest
rate cuts that could boost
growth: «Based on
economic logic... it seems to me that it is dangerous to hurry with a
rate cut in such uncertain conditions.»
Federal Reserve
says things are looking up U.S.
economic growth has strengthened in 2017, signaling the need for gradual interest
rate hikes to ensure a continued recovery, Federal Reserve Chair Janet Yellen told lawmakers Wednesday.
Amid signs of stronger
economic growth and a pick - up in inflation, as well as easier financial conditions, the Federal Open Market Committee, the policy arm of the U.S. central bank, is expected to raise its key federal funds
rate in March by a quarter percentage point to a target range of 0.75 % to 1.00 %,
says Ellen Zentner, Morgan Stanley's Chief U.S. Economist.
If ending Federal stimulus moderates the pace of
economic growth, inflation fears will ease and long - term interest
rates will edge back down, Hunt
says.
«I think that, you know, paying a higher tax
rate for higher incomes, having a million dollars be the cut - off is actually a better approach in my view, because you're retaining lower tax
rates for small businesses and small businesses are such an important
economic engine for
growth in this country,» the state's junior senator
said.
The Conservative chair of the Treasury committee, Andrew Tyrie, echoed Labour leader Ed Miliband this Saturday when he
said there was no «coherent and credible plan for the long - term
economic growth rate of the UK economy».
Cuomo, speaking at the downtown Strand Theatre on Wednesday,
said the city contains all of the elements required to fuel
economic growth, including a strong core of small businesses, a state school that acts as an idea incubator and a low corporate tax
rate.
«We decided to see if we could understand, from a jobs,
economic growth and emissions standpoint, what various
rates of innovation in key technologies might actually produce,» he
said.
And yet, India and China remain two countries where emission
rates of greenhouse gases continue to rise, driven mostly by
economic growth, Eltahir
says.
While the first part of the 2003 - 2013 decade was truly exceptional for Latin America in
economic terms — GDP growth reached a rate of 5.4 percent a year between 2003 and 2007 — 2015 has been a year of weakening performance, said Ocampo, chair of the United Nations Economic and Social Council's Committee for Development
economic terms — GDP
growth reached a
rate of 5.4 percent a year between 2003 and 2007 — 2015 has been a year of weakening performance,
said Ocampo, chair of the United Nations
Economic and Social Council's Committee for Development
Economic and Social Council's Committee for Development Policy.
CO2
growth rates (CEI, p. 11): arguments about what
growth rates for CO2 emissions that some models use are besides the point of what the science
says about the climate sensitivity of the earth system (emissions
growth rates are if anything an
economic question).
is a weekly topical series hosted by comedian Daniel Tosh that delves into all aspects of the Internet, from the ingenious to the absurd to the Reserve Bank of Australia board member Ian Harper
said economic growth isn't strong enough to justify an interest -
rate increase and policy makers can do
Federal Reserve
says things are looking up U.S.
economic growth has strengthened in 2017, signaling the need for gradual interest
rate hikes to ensure a continued recovery, Federal Reserve Chair Janet Yellen told lawmakers Wednesday.
TD is forecasting
economic growth in the two to 2.5 per cent range in the third quarter, which Caranci
says would make another
rate cut from the Bank of Canada unlikely.
So provided that investors actually expect future
economic growth to match historical
rates of
growth, investors expecting interest
rates to remain
say, 2 - 3 % below historical norms even another decade would still only be «justified» in bidding stock valuations 20 - 30 % above their historical norms.