Word: gdp
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...past 18 months is huge and will spill into 2005. Profits are recovering, and that will lead to more spending and more employment. Inventories are really low. Our view is that getting inventories back up to a normal level would add as much as 1 percentage point to GDP growth. We think it's important to disaggregate between tech stocks and everything else. If you hadn't been through a tech bubble, you'd think you were...
...economic measure, its peers would be the likes of Mexico and Argentina. Its UN Security Council veto power may have given it equal importance to Germany and France in the European camp opposing the war in Iraq, but it remains an economic minnow by European standards - if Russia's GDP per capita doubles in the next decade, it would equal today's figure for Portugal...
...today. U.N. experts expect this year's crop to yield 3,600 tons of opium--75% of the world's heroin. According to the U.N., the combined income of poppy farmers and opium smugglers last year was $2.32 billion--equal to half of Afghanistan's official GDP. A Western anti-narcotics expert in Kabul estimates that 60% of the country's regional warlords are profiting from the drug traffic, using the cash to fund their armies and, in doing so, weakening the reach of Karzai's government in the provinces. A Cabinet minister who tried to stop traffickers two years...
France isn't the stingiest: it spent 2.2% of its GDP on R and D in 2002, compared to only 1.84% for Britain (the U.S. spent 2.8%). So maybe it's not so surprising that at a breakfast last week with top scientists, British Chancellor Gordon Brown outlined a 10-year investment plan to boost British scientific research - and didn't say how much he was planning to spend...
...TRENT DUFFY, White House spokesman, defending Bush's accurate GDP growth forecasts but wildly inaccurate job-creation projections