Word: gdp
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Harvard MBA figures seem to support Kreisberg’s statements. Applications peaked at 10,382 for the class of 2004; candidates for that class submitted their forms around late 2001, when the U.S. economy suffered two quarters of negative GDP growth...
Lugo sees the electricity deals as one solution. Rising demand has created an energy crisis in South America, especially in growing economies like Brazil; and Paraguay's hydro-electric dams on the Parana River provide one of the nation's most valuable commodities (and almost two-thirds of its GDP). The market value of the electricity Paraguay sells to Brazil and Argentina each year is estimated to be more than $3 billion; but Paraguay receives less than $1 billion for it. Lugo wants to renegotiate that arrangement, and many if not most Paraguayans back him. "We've been robbed...
...appeared to benefit were smaller countries like South Korea where Olympics spending seemed to have a meaningful impact on overall economic activity. But China is the world's fourth largest economy. According to a 2007 report by Nomura Securities, China's Olympics outlays and tourism revenues will boost the GDP growth rate by a miniscule 0.25 percentage points in 2008. Moreover, Beijing, the host city where the impacts are strongest, plays a relatively small role in the national economy, contributing only 4.4% to GDP, according to a Credit Suisse study. Compare that with Seoul, host of South Korea...
Although China is the world's second largest exporter, the country is not as dependent on overseas trade as some. Exports accounted for 36.8% of China's GDP in 2006, compared with 43.2% in South Korea. But China may be unusually vulnerable to weaker international demand because the country has in recent years built too many new factories. With investment capital readily available and China's economy roaring ahead at double-digit growth rates, heavy industry expanded massively. The value of China's steel exports, for example, jumped tenfold from 2003 to 2007, from $5 billion to $50 billion...
...years because the global economy has been on a tear. The 2004-07 period saw the second strongest bout of global growth on record--which translated into strong demand for cheap Chinese-made products. But this era may be ending. Most economists are forecasting a significant slowdown in worldwide GDP growth in 2008. This slowdown, predicts Lehman Brothers economist Sun Ming-chun, will prove to be the "unmasking of [manufacturing] overcapacity in China." Says Li of the Asia Footwear Association: "The cake is only so big, and when you have too many people trying to eat it, you will definitely...