Word: gdp
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...large enough middle class that it enters on a virtuous cycle of rapid economic growth. If those trends had continued, Iraq today would be ranked as a member of the newly industrialized nations. The average Iraqi would now enjoy an annual income of $15,000 and the country's GDP would be close to $400 billion - almost 20 times its current level. Instead, the average Iraqi takes in $800 dollars a year. Industry has ceased to exist and unemployment is optimistically estimated to hover at over 50%. Food is often in short supply with more than 60% of the population...
...Will Italy Join The Club? The European Commission warned that Italy may soon join Germany, France and Portugal, violating the stability and growth pact by wracking up debts greater than 3% of GDP...
...that the Bush administration no longer needs them as examples of American benevolence, the Afghan people have found a not-so-new way to get by in a country so ravaged by decades of war that the $75 billion Bush is spending on Iraq would nearly quintuple their GDP. Without the foreign aid they need, the Afghan people have turned to opium cultivation. Afghanistan produced nearly 4,000 tons of opium—75 percent of the world supply—in 2000, before the Taliban nearly ended production in 2001. With the Taliban gone and their economy in shambles...
...added that per capita Gross Domestic Product (GDP) has a “remarkably strong” correlation with decreasing child mortality rates...
...hard to see why it's crucial to halt the spread of SARS, and not just for health reasons. The economic toll could be devastating. Some economists predict that the hit to Hong Kong's travel and retail sectors will drag the city's 2003 GDP-growth rate down by one-fifth or more, a loss of more than $1 billion. Last week Stephen Roach, chief economist for Morgan Stanley, said SARS is "just another nail in the coffin" for the global economy, which is already stumbling from the Iraq war. He predicts a worldwide recession will begin this year...