Word: gdp
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...Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise. The country's GDP grew 10.7% last year, the highest rate since 1995. But the bulls are increasingly being drowned out by those who see the kind of reckless speculation that often occurs in overheated markets. Beijing officials, worried there could be another Chinese market meltdown like one in 2001 that soured the public on stocks for years, are sounding the alarm. On Dec. 30, Cheng Siwei, a vice chairman of the National People's Congress, cautioned investors against...
...lawyers and fund managers that make the City their home. The reason he's bullish? Demand for office space is tied to the health of London's financial-services sector and, by many measures, the City has never been fitter. The U.K. financial sector contributed 3.5% of Britain's gdp in 2005, a leap from 2.4% in 2000. "You can sense growth taking place," Burgess says. The project, he says, represents, in glass and steel, "confidence in London's financial services...
This should be a golden time for Bangladesh, with its GDP surging by almost 7% last year, fueled by strong foreign investment, buoyant exports and a resurgent agricultural sector. But Bangladesh's leaders rarely miss an opportunity to sabotage their country's fortunes. In the run-up to elections planned for Jan. 22, long-standing political tensions erupted again, pushing the nation to the brink of chaos. Opposing political activists fought one another and police and soldiers for months, leaving at least 45 dead and hundreds injured. On Jan. 11, President Iajuddin Ahmed, presumably with the backing of the army...
Economists and policymakers who will be attending the World Economic Forum in Davos, Switzerland, beginning Jan. 24 have been furiously debating whether the world has "decoupled" from the U.S. economy. The U.S. constitutes about 28% of global gross domestic product (GDP) as measured in dollars, and it accounted for one-fifth of worldwide growth from 2000 to 2006. When the U.S. faltered in the past, the rest of the world staggered. And certainly there are signs of fatigue. A cooling housing market slowed U.S. GDP growth to 2% in the third quarter, and even if the economy has strengthened...
...Western Europe no longer dominates to the degree it once did. China is close to snatching the No. 3 slot on the list of world's biggest economies away from Germany, and India and South Korea are set to join the top 10 within a decade. India's GDP has expanded by $350 billion in the past six years--equal to the entire economy of the Netherlands in 2000. Once moribund countries such as Argentina and Russia are doing much of the heavy lifting today. According to the World Bank, developing nations collectively grew about 7% last year--more than...