Sentences with phrase «than forecast gdp»

Mr Speaker, more jobs means that the impact of the weaker than forecast GDP on the public finances has been less than some might have expected.

It is worth noting, however, that we believe it is incumbent on the government to keep spending within declared levels, and to appropriately apply any unexpected gains (i.e. from a stronger than forecast GDP growth, higher energy prices, etc.) to the deficit and thus hasten the return to a balanced budget.

Not exact matches

The IMF forecast issued this week for the Middle East projects that energy - importing nations including Egypt will grow more strongly in the years ahead than energy exporters including Saudi Arabia, though both will experience GDP growth.

The British Chamber of Commerce (BCC) cited higher than anticipated third quarter gross domestic product (GDP) numbers in the revision of its full - year forecast to 2.1 percent from 1.8 percent.

In a decade, federal debt will reach an overwhelming $ 33 trillion, the equivalent of 113 % of GDP — and $ 6 trillion higher than the CBO had forecast before the Trump agenda passed.

Should world GDP grow anywhere close to the IMF's medium term forecast in the high 3 percent range, oil demand growth will rise by closer to 2 million b / d than 1 million b / d by our reckoning.

A Chinese currency devaluation is less of a concern than a Chinese slowdown, with real GDP forecast to be down 0.2 percentage points.

Newly published GDP figures and forecasts enjoy a wide audience, even though they're updated more often than antivirus software.

In the more realistic case that growth is 1pc lower than forecast, but is coupled with an ambitious budget surplus of around 2.5 pc of GDP, Greece would still require a total write - off of its entire first bail - out package worth $ 53.1 bn.

Chinese GDP expanded at a better - than - forecast pace of 6.9 % in the first quarter, the fastest in six quarters.

In addition, PBO's forecast for nominal gross domestic product (GDP)-- the broadest measure of the federal tax base - is considerably lower than the average of the private sector economists» forecasts released by the Minister of Finance on October 29, 2012.

TD is also now forecasting nominal GDP growth of only 1.1 % in 2015 considerably less than the almost 4 % growth forecast by the government last November.

Real GDP rose at a 2.3 % annual rate in the advance estimate for the first quarter, a bit stronger than anticipated (the median forecast was...

Both deficit forecasts are not large, amounting to less than 0.2 % of GDP per year.

Thereafter, the positive impact of the higher level of nominal GDP and the saving measures more than offset the fiscal cost of the policy initiatives, resulting in lower deficits than those forecast in the October 2010 Update to 2014 - 15, and a somewhat higher surplus in 2015 - 16.

Nominal GDP, the broadest base for calculating government revenues, is now expected to be significantly lower than earlier forecast.

As Paul Krugman has written, the common models used to forecast potential GDP take it for granted that if an economy doesn't bounce back quickly from a recession, it's because something has been fundamentally damaged, rather than because the government offered up an insufficient policy response.

As the Canadian economy contends with softer than expected exports, weak business investment and effects of the Alberta wildfires, real GDP growth in 2016 is forecast to be 1.4 per cent...

2016.06.10 Canadian economic activity erratic through 2016: RBC Economics As the Canadian economy contends with softer than expected exports, weak business investment and effects of the Alberta wildfires, real GDP growth in 2016 is forecast to be 1.4 per cent...

Had the American economy performed as the Congressional Budget Office forecast in August 2009 — after the stimulus had been passed and the recovery had started — U.S. GDP today would be about $ 1.3 trillion higher than it is.

The softer - than - expected retail sales numbers last month suggest a slowdown in consumer spending in the fourth quarter, which could see economists trim their GDP forecasts for the period.

TD Economics» view of the medium term is much more pessimistic, and in our view more credible, and its forecast of nominal GDP would have resulted in revenues being lower by $ 10 billion in 2015 - 16, with the result that there would still have been a deficit in 2015 - 16 rather than a surplus.

This would require that nominal GDP in 2019 be $ 100 billion higher than in the PBO forecast.

Across the Pond, focus will be on 1st quarter GDP and employment cost numbers, any better than forecasted figures another Dollar positive, with the markets expecting upward revision to GDP numbers following the March goods trade numbers released on Thursday.

It is going to be higher at the end of this Parliament than forecast in the plans he inherited; and no longer falling as a percentage of GDP, it is rising in 2014 - 15 and it is rising again in 2015 - 16 too, breaking the fiscal rule for falling debt upon which this Chancellor said his entire credibility depended.

The short - term analysis of the risks of Brexit released by the Treasury claims Britain's GDP would be between 3.6 % and 6 % lower after two years than current forecasts.

By 2050 the combined GDP of the seven largest developing economies is expected to be 50 % higher than those of the current G7, with China forecast to overtake the US as the world's largest economy by 2025 or even earlier.

More meaningfully, as a percentage of GDP, debt is by then forecast to be falling very slightly, but still considerably higher than now.

The higher consumer and investment spending results in real GDP being $ 9.6 billion higher by the end of the forecast period than it would be without the ORPP.

In fact, the latest Q2 GDP growth forecast from the Atlanta Fed's GDPNow model is for a growth rate more than double the Q1 GDP rate.

Despite the challenges of the global financial crisis, Dubai continues to maintain its position as a vibrant centre of trade and commerce with a forecast GDP growth of 2.5 percent in 2010, and more than 70 percent of its GDP contribution attributed to the non-oil sector.

Similarly, a recent report from the respected British consultants Cambridge Econometrics (PDF) forecast that the planned 60 - percent cut in U.K. carbon emissions would deliver a GDP that was 1.1 percent higher than if the country stuck to a high - carbon economy.

Further, since the increase in GDP is larger than the forecast increase in the total population, national living standards for all Australians would increase.

The Economist Intelligence Unit (EIU) forecasts Mexico's GDP growth rate to expand at an average annual rate of 3.7 % from 2011 through 2015, higher than the 3.1 % average achieved during the period 2003 through 2008, and 230 basis points higher than the average over the past 20 years.