Word: gdp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...German Chancellor Gerhard Schröder and Green partner Joschka Fischer seems confused about basic issues, and destined to end where it began. But economists aren't laughing, because the E.U.'s biggest economy is also among its sickest: 3.94 million unemployed workers are draining government coffers, the GDP will grow only .5-.75% this year and the budget deficit will bust the E.U.'s 3% limit. Business leaders blame high taxes, expensive welfare programs and rigid labor laws, but the government seems to have learned nothing. "The [plan's] only really specific measures are tax increases," says Commerzbank economist...
...waters. Production has jumped from just 17,000 barrels per day in 1996 to more than 220,000 and could grow another 50% within three years. The oil boom has fueled fantastic economic growth - 65% last year, down to an estimated 25% this year - and pushed annual per capita GDP from $800 seven years ago to more than $2,000 today. The bonanza in Equatorial Guinea is being repeated across the region. Chad, one of the poorest countries in the world, will soon start pumping more than 200,000 barrels of oil a day through a $3.7 billion...
...Bulgarians need to change - to stop expecting the government to take care of them. TIME: What is your agenda? How should Bulgaria's finances look at the end of your term? Veltchev: There are harder objectives and softer objectives. We have some numerical goals, like bringing the GDP-public debt ratio below 60%, which we should achieve in a very short time, and increasing Bulgaria's credit rating to investment grade. Other goals are less quantifiable, such as improving the well-being and the standard of living of the population. TIME: Do you foresee Bulgaria becoming an investors' paradise? Veltchev...
...labor dispute posed major problems for Asian companies. Exports to West Coast ports account for about 5% of Asia's total GDP; between $1 billion and $2 billion worth of cargo sets out across the Pacific every autumn day as American retailers stock shelves for the upcoming holiday shopping season. For export-driven economies, the West Coast crisis was immediately con-tagious. First to feel the effects was the shipping industry, whose intricate schedules quickly plunged into chaos. Manufacturers' supply chains were the next to buckle. Honda, for example, halted production at its U.S. auto plants due to a shortage...
...great leap forward. Since independence from the Soviet Union, Estonia's leaders have made the country a laboratory of the free market. In the early 1990s, Estonia slashed nearly all state subsidies, privatized virtually all state assets and unilaterally dropped all trade tariffs. As a result, the country's GDP is growing at more than 5% and it is tied for fourth (with Ireland, among others, ironically enough) in the Heritage Foundation's index of economic freedom. Perversely, in order to join the E.U., Estonia will be required to become more protectionist - reimposing several thousand tariffs it had previously abolished...