Word: gdp
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...INDICATORS rises in the east Japan 's GDP grew by an annualized rate of 7% in the fourth quarter last year, the highest jump since 1990. A rapid rise in exports to China helped lift growth in the world's second-largest economy...
...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...
...prosperity for decades. A decrepit transportation system, inadequate communication and electrical infrastructure, and an obstructionist bureaucracy might make it hard for India's economy to match China's spectacular growth. Despite the high-profile growth of the tech sector, for example, agriculture still accounts for nearly a quarter of GDP, and the country's predominantly agrarian population remains at the mercy of the monsoon. In 2002, the rains were poor, and India's agriculture suffered; the economy grew only 4.3%. India's economic planners maintain that the economy is less dependent on the monsoon now and that mediocre growth...
...rein in the government's free-spending habits, the country's finances continue to deteriorate. Due to high agricultural subsidies, losses incurred by state-owned enterprises and an oversized bureaucracy, India's fiscal deficit has expanded alarmingly; the combined state- and central-government deficits have grown from 7.6% of GDP in 1996 to nearly 10% this year. The Indian government's rising deficits "are not sustainable," warns Takahira Ogawa of Standard & Poor's rating agency. Although interest rates are at a three-decade low, the government's debt is so large that interest payments eat away nearly half of revenues...
...crescendo of high notes. Last week, the country's National Assembly passed constitutional amendments that legitimized the army general as the lawful President of Pakistan, four years after he seized power in a bloodless coup. Pakistan's economy is the healthiest it's been in years?GDP grew more than 5% in 2003?while chances for peace in strife-torn Kashmir appear greater than at any time in recent memory: over the weekend, Musharraf welcomed to his capital city of Islamabad leaders from six South Asian countries, including his nemesis Indian Prime Minister Atal Bihari Vajpayee, against whom he almost...