Word: gdp
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...stake. The central government is in the midst of the first comprehensive effort to restrain China's soaring economy in a decade, and whether the attempt is successful has global implications. Faced with overheating markets and rising inflation, Beijing wants to ease annual growth of gross domestic product (GDP) from the current rate of nearly 10% to a more manageable 7%. But China's policymakers may lack the monetary tools to engineer a soft landing, and the specter of a Chinese crash is contributing to fears that the global economic recovery-already under pressure from skyrocketing oil prices and rising...
...Economy GDP is expected to grow a healthy 4.8% in 2004; stocks have risen; the rupiah and inflation are stable; and the national debt has fallen. Still, capricious bureaucrats and courts continue to deter foreign investment, which tumbled 41% in the first quarter, year-on-year...
...more relevant to Indonesia's 235 million citizens is the country's halting economic progress. Megawati styles herself as a reformer and a champion of the wong cilik (little people), but Indonesia is only now climbing out of the crater caused by the 1997 Asian financial crisis. Its annual GDP growth rate has averaged an anemic 3.4% since 1999, compared with 6.5% for all other developing East Asian countries, according to the World Bank. Indonesia's rate is expected to rise to 4.8% this year, but David Nellor, Jakarta-based senior resident representative for the International Monetary Fund (IMF), believes...
...they've become caught in the pincers of economic stagnation and growing public dissatisfaction. Efforts to nurture growth and job creation by cutting taxes and employee payroll charges and tightening pension schemes have done little more than further bloat France's budget deficit well beyond the 3% of gdp limit imposed by euro membership. Even the effectiveness of earlier attempts to attack unemployment remains a hot topic. Earlier this month conservative parliamentarians issued a scathing report denouncing the nation's 35-hour workweek, introduced in 2000 by the Socialist government and designed in part to encourage hiring. The study countered...
...slashing has real costs. In order to rein in the deficit and cut taxes simultaneously, Kerry is proposing a total spending cap on discretionary spending outside of defense and education (about 20 percent of the federal budget), instead of allowing government expenditure to remain at a stable proportion of GDP, growing at the same rate as the economy. But rising production and consumption place rising demands on our national infrastructure, which needs to keep pace with the economy’s growth. Moreover, as per capita income grows, we can afford more of all types of goods, including government services...