Word: gdp
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...upgrades in the next 20 years. A recent U.S. Chamber of Commerce report reveals a litany of other problems: an overloaded rail infrastructure that needs new tracks, signals systems, tunnels and bridges. Ports that need dredging, canal locks that need replacing. While China is spending nearly 9% of its GDP - a massive investment - on infrastructure, Americans lose $9 billion a year in productivity from flight delays alone...
...that people can do in response. They still have to drive to work, and Washington would still be unlivable without air-conditioning. In the longer run, people can buy smaller cars, insulate their houses and so on. Energy efficiency--the amount of energy required to produce a dollar of GDP--has actually doubled in the U.S. since the first energy crisis. And $4-per-gal. gasoline is clearly having a significant effect on energy...
...Dung became Prime Minister of Vietnam two years ago, the former central bank governor was widely viewed as a progressive who would continue to drive the communist country's remarkable transition from moribund planned economy to a booming capitalist one. But this year, Vietnam's outlook has dimmed. While GDP growth remains strong at more than 7%, the inflation rate has rocketed to 25%, there have been a large number of outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January, making it the worst-performing in the world...
...policy is to reduce government spending and [wasteful] investment by state-owned enterprises. We will cut about 25% from the government's budget and from spending by state-owned enterprises. Inflation in the first five months of the year was still very high but it is coming down gradually. GDP growth during the first five months was still more than 7%, and our exports grew...
...agreement is expected to give a modest boost to Taiwan's economy. More cross-strait tourism will boost annual GDP growth by .6% to .8%, according to a report on tourism in Taiwan by Goldman Sachs. "The implementation of these policies would support a recovery in sentiments and domestic demands ... and should help Taiwan offset the negative external shock from slower U.S. demand and higher energy prices," wrote Goldman Sachs analyst Enoch Fung...