Word: gdp
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...flotation of the peso, Economy Minister Jorge Remes Lenicov presented a recovery-minded draft budget to Congress. The plan includes severe spending cuts agreed to by President Eduardo Duhalde and Argentina's provincial governors, and Remes Lenicov said the program was "tough." But critics warned that it relies on gdp and export-growth forecasts that may be too optimistic. Duhalde expressed hope that the economy would recover before the next presidential vote, now set for September...
...combination of declining oil market share and exploding population has led per capita GDP to decline tremendously in Saudi Arabia over the last decade and a half. According to a recent New York Times article, per capita income has fallen from $28,000 in the early 1980s, on par with the United States, to under $7,000 today. But these still respectable figures mask extreme inequality. Much of the oil money is pilfered by the extravagant and rapidly growing—7,000 princes and counting—royal family...
...target of human rights activists worldwide after the military junta slaughtered democracy protesters in 1988 and voided the 1990 election. Increasingly isolated economically, the regime has dramatically expanded its reliance on forced civilian labor for infrastructure and revenue-generating projects. By 1996 an estimated 3% of Burma's GDP was the fruit of conscripted gangs. In an additional, cruel twist, many of the soldiers themselves - part of a mobilization that expanded the army from 185,000 troops to nearly half a million today - were little more than child slaves. Sein Win was press-ganged into service...
...being almost indistinguishable from this winter, no matter what the economic indicators say - particularly as unemployment continues to rise (because labor costs are always the last ones invited back to companies hoping to impress Wall Street with their bottom lines, high unemployment generally outlasts recessions). Summer will likely see GDP growth creep back up above zero, and by fall, third-quarter profits and production may start to look rosy again. At which point companies will start hiring again, and consumers will feel secure again, and by the beginning of the following year the economy should be chugging along again...
...wire-frame spectacles seemed to say, who could solve Taiwan's problems as easily as he performed differential calculus. He never actually wore a slide rule in his pocket, but we knew it was there, in spirit at least, close to his heart. Two years and a few gdp contractions later, that aura of can-do confidence has been chipped away and we are left wondering, why, exactly, did voters grant his dpp a solid legislative win two weeks...