Word: gdp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...China has suffered previous boom-and-bust cycles in its transition from communism to capitalism. In 1994, GDP growth exceeded 11% and inflation soared to 24%. To restore economic stability, the then Vice Premier and central bank governor Zhu Rongji choked off bank loans to cool runaway borrowing and spending. The subsequent slowdown threw millions of mainlanders out of work, but because China was relatively isolated from the global economy, few other countries shared the pain. Today, a sharp contraction in China would have much wider impact. The mainland is one of the world's largest manufacturing bases...
...expansion tear ever since, successfully bolstering Reliance's presence in power generation, oil exploration, finance and biotech, and consolidating the company's position as a leading player in India's fast-growing telecom sector. With revenues of $16.8 billion, Reliance last year accounted for 3.5% of India's GDP. So confident are Indians in the firm's future that 1 out of every 4 stock-owning citizens hold Reliance shares...
...profile and put it firmly on the traveler's map. The number of foreign visitors to India last year rose 16.5%, to 2.75 million, and the World Travel & Tourism Council predicts India's tourism industry will grow by 7.9% over the next decade, to $28.4 billion, or 4.8% of GDP. India's normally lackadaisical tourist authority has helped refine the allure with an advertising campaign featuring a stunning series of photographs of attractions ranging from Himalayan peaks to deserted, pristine beaches to Ayurvedic massages--all accompanied by the slogan "Incredible India." The tourism industry is experiencing its "best year ever...
...Dubai leave those of most other gulf princes in the camel age. "They have been bold, and they have been strategic," acknowledges Sheik Mohammed, but he adds, "I have achieved only 10% of my visions." Dubai turned to tourism because oil and gas represent only 17% of its GDP, and those resources are expected to run dry, or nearly, in the next decade. So the energy sector has already been surpassed by tourism, which in 2002 accounted for almost 18% of GDP...
...Good Company The European Commission issued warnings to three more euro-zone countries set to breach the region's stability pact this year. Finance commissioner Pedro Solbes slammed the Netherlands , Italy and Greece (along with serial offenders France and Germany) for running budget deficits in excess of 3% of GDP...