Not exact matches
Much of the
growth in recent years has come from household spending, which must
slow eventually because so much of that spending was done on
credit.
But the country's GDP
growth will
slow to 6.4 percent in 2018 and 6.3 percent in 2019 due to monetary policy changes and the government's efforts to curtail
credit and debt, it added.
According to data in the Department of Finance's Budget 2014 document, annual
growth in mortgage
credit has
slowed substantially, and is now way below the average of the last two decades.
Enthusiasm for auto debt comes at a time when aggregate
growth of mortgages,
credit cards, lines of
credit and other forms of borrowing has
slowed.
The report noted that many policymakers see weak
credit growth generally in the global economy as a primary reason behind the
slow economic recovery.
Although Mark Carney has been unable to compel Canadians to stop borrowing as long as his interest rate policy encourages the opposite,
credit growth has at least begun to
slow.
The Issues Small - business owners are likely to face daunting problems in 2013: higher taxes,
slow economic
growth and an unfavorable
credit market.
This happened in the second half of 2013, when Beijing responded to
slowing growth with a stealth stimulus plan that unleashed more bank
credit for investment.
But «while
growth rates of mortgages
slowed over 2008 - 2009,» CGA - Canada reported last May, «the pace of expansion of consumer
credit accelerated.»
In Canada, the
growth in household
credit has continued to
slow and has fallen broadly in line with
growth in disposable income, and overall activity in the housing market has moderated.
Chapter 2 looks at efforts by policymakers to revive weak
credit growth, which has been seen by many as a primary reason behind the
slow economic recovery.
Yet risks could return in the second half as U.S. rates increase and China's
credit - fueled
growth improvement
slows.
If you're business is busy during the summer months, the flexibility of a business line of
credit can also help you take advantage of opportunities to fuel
growth during the busy months that could continue to generate revenue during a
slower season.
Meanwhile, it could be argued that the spike in volatility is a somewhat overdue response to
slower economic
growth and deteriorating
credit market conditions.
In fact I suspect the reason
credit growth in the past year or two has not
slowed nearly as sharply as it should, or as sharply as required by the economic analysis implicit in the Third Plenum reform proposals, is precisely because of the expected impact of meaningful
credit constraint on GDP
growth.
Beijing can manage a rapidly declining pace of
credit creation, which must inevitably result in much
slower although healthier GDP
growth.
The second set of policies that Beijing should implement to protect the country from a lost decade of much
slower growth is to create alternative sources of demand as quickly as possible that do not require
credit expansion.
As a result of the commission he said «
credit standards are tightening [and]
credit growth in the regulated sector is
slowing.»
Negative conditions in the general economy both in the United States and abroad, including conditions resulting from financial and
credit market fluctuations and terrorist attacks in the United States, Europe or elsewhere, could cause a decrease in corporate spending on enterprise software in general and
slow down the rate of
growth of our business.
And for all the muddle, the one thing that seems clear is that the risks to the economy and particularly the labor market — which is generating solid job
growth and even some wage gains (for which we should all give Chair Yellen and the Fed serious
credit)-- remain «asymmetric:» there's a greater risk of needlessly
slowing non-inflationary
growth than there is of inflation accelerating.
Actually, I think the claim that
credit growth has
slowed is more complicated than what you suggest.
To some extent, stock market action also implies expectations for
slower economic
growth, though interest rate signals, such as a flat yield curve, are more suggestive of
slow growth than stock market action is, and we've yet to see a substantial widening of
credit spreads that would suggest imminent recession.
It is difficult to model the many ways
credit intensivity of
growth can change, but if we simply assume that there is no improvement except as
growth slows, so that the ratio between
credit growth and GDP
growth stays constant, the table below shows debt levels at the end of ten years at different GDP
growth rates:
When facing instability, they have used measures to
slow excess such as «frothy
credit growth,» Lagarde said.
The Biz2
Credit Small Business Lending Index also reported that approval rates by
credit unions and alternative lenders were relatively unchanged, while institutional lenders continued
slow but steady
growth in approval percentage.
Inflation squeeze predicted to ease but consumer spending likely to be restrained and consumer
credit growth set to
slow
RBI TIGHTENS
CREDIT - PROVISIONING NORMS FOR INDIAN BANKS By Aaron Chaze As growth slows in India, the central bank is pushing banks to prepare for higher credit
CREDIT - PROVISIONING NORMS FOR INDIAN BANKS By Aaron Chaze As
growth slows in India, the central bank is pushing banks to prepare for higher
credit credit costs.
Why is the market going up with unemployment so high, consumer debt outrageous, an environment where taxes must go higher, energy 5xs the norm, housing still depressed, access to
credit stunted, expensive war expenditures, the Greece failure, a weak dollar, and
slow economic
growth?
Year - ended business
credit growth remains more moderate than that for household
credit, but in contrast to the
slowing in household
credit growth, it has continued on the broad upward trend evident over the past few years.
Given the need to deleverage the economy after seven years of very rapid
credit growth and given the
slow growth of China's more developed trading partners, it seems inconceivable that there could be any significant upturn in the
growth rate anytime soon.
Credit growth slowed a little in recent months to an annual rate of 10 per cent in the six months to September (Graph 36).
Domestic demand has been held back by weak consumption, which fell by 2.6 per cent over the year to the December quarter in response to restrictive measures introduced in 2002, aimed at
slowing the previously very strong rates of
growth in consumer
credit.
With low money and
credit growth persisting, inflation below target and
growth slower than in previous years I now expect the BoE's Monetary Policy Committee to keep interest rates unchanged during this year.
Third, in response to
slower growth and lower inflation (owing partly to lower commodity prices), the world's major central banks pursued another round of unconventional monetary easing: lower policy rates, forward guidance, quantitative easing (QE), and
credit easing.
Over the past year, household
credit has increased by around 20 per cent, and with the value of housing loan approvals continuing to rise over recent months, there seems little prospect for a near - term
slowing in the pace of
growth.
And a prolonged crisis risks putting the brakes on a recovery in European
credit growth,
slowing the region's recovery.
Tight
credit conditions, the ongoing housing contraction, and some
slowing in export
growth are likely to weigh on economic
growth over the next few quarters.
Managers clearly want to own these large cap financials, but a combination of a
slowing economy and the Fed's manipulation of the
credit markets is making sustained top line
growth elusive.
If instead approvals were to fall by 4 per cent per month, housing
credit growth would be expected to
slow to a three - month - annualised rate of 9 per cent by mid 2005.
Looking forward, there is little evidence to suggest that the rate of
credit growth is likely to
slow in the near term, with new loan approvals for housing having increased by 24 per cent over the six months to August.
Assuming that approvals remain at their new lower level, housing
credit growth would be expected to
slow from a three - month - annualised rate of 25 per cent to a still rapid rate of around 18 per cent by mid 2005 (Graph C4).
Given the strong
growth in approvals, there is little prospect that the rate of housing
credit growth will
slow in the short term.
In contrast to housing
credit, the
growth rate of personal
credit has
slowed somewhat over recent months, to an annualised rate of around 12 per cent over the six months to December, compared with 16 per cent over the six months to September; the slowdown in the
growth rate of fixed - term and
credit card lending was particularly marked.
This begs the following question: how fast can personal consumption grow if new debt
growth slows or bears a higher interest burden or
credit losses escalate?
The International Monetary Fund (IMF) has published very robust research involving more than 140 countries around the world which demonstrates that countries with extreme levels of inequality (1) tend to experience much
slower rates of economic
growth; and (2) are far more susceptible to the kind of severe financial / banking /
credit crisis that America just went through five years ago.
The governor is
credited with lowering corporate taxes and
slowing the
growth in property taxes, but New York continues to rank among the least - business friendly states in the nation, according to numerous surveys.
In other words, Arizona's scholarship tax
credit and ESA laws have barely
slowed the
growth in district school enrollment.
The concern is that as rates rise it will cost companies more to roll over their obligations, and if earnings begin to slump as economic
growth slows, that could blow out leverage ratios and lead to
credit - rating cuts.
Household
credit growth has
slowed to 5 % in April from a 9 % clip over the past 10 years.
•
Growth in household debt
slowed to 0.9 % in the first quarter, driven by a
slower rate of borrowing in consumer
credit and mortgage loans, Statistics Canada said Friday.