Word: gdp
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Growth forecasts for 2003 reveal this plight in stark contrast. While Zimbabwe faces the worst situation of any country, with a predicted 10 percent GDP decline, its neighbor Mozambique—with which it shares an expansive common border, cultural affinities, similar resources, geography and climate—will surge forward with a stunning 10 percent GDP growth, making it the third fastest growing nation...
Making no excuses, Mozambique’s astonishing GDP growth rate of 10 percent per year over five years has persisted in the face of February 2000’s devastating floods. The president has privatized 900 of 1,200 state firms, tamed inflation into single digits, avoided foreign debt and encouraged foreign investment...
...what's politically possible," says Grassley. Another element of the Bush plan--his proposal to create tax-free savings accounts--has also been opposed by such important Republicans as Representative Rob Portman of Ohio. Bush aides are plowing ahead, pointing out that * Athe deficits, as a percentage of GDP, still don't match those faced by Ronald Reagan and Bush's father. "Nobody likes deficits," says a Bush adviser, "but the public will give this President the benefit of the doubt." --By James Carney
...says Frank Luntz, a GOP consultant who advised Perot. "But they're willing to pay now for national security, and an economic recovery, and deal with deficits later." The White House is betting Luntz is right. The deficits, Bush aides claim, are manageable; as a percentage of GDP, they still don't rival those faced by Ronald Reagan and the current president's father. "Nobody likes deficits, but the public will give this president the benefit of the doubt," adds one Bush adviser. "They liked Perot because he was a straight-talker; they like Bush for the same reason...
...taxes are now dead," says Holger Schmieding, European economist at the Bank of America, since the CDU campaigned hard on its opposition to Schröder's tax plans. Although the lack of new taxes will make it harder for Germany to keep its deficit under the 3% of GDP limit allowed by the E.U., scrapping the new levies could boost the economy by leaving more money in the hands of consumers. But the Mediation Committee won't be all bad news for Schröder. While it stymies his tax plans, it may also give him political cover...