Word: gdp
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...similar has ever happened. How will America fight this battle? Ditto. Will the terrorists fight back? If they do, how much more pain will they inflict on the markets? They don't teach Terrorism 101 in business school. In the wake of the attacks, analysts across Asia slashed their GDP growth forecasts to reflect market "uncertainties." The Daiwa Institute of Research in Tokyo, for example, says Japan's anemic economy will shrink by 0.1% this year, rather than grow at the earlier forecast 1.1%. Banks that had expected Hong Kong's economy to expand by 1% to 2% this year...
...time for Asia. In the months before the attacks, the region's economies were already in dire shape, largely because the U.S. market for the things Asia makes?computers, cars, high-tech gadgets?had all but dried up. Exports account for more than 60% of Malaysia and Singapore's GDP, while the number is around 50% for Taiwan, Thailand, South Korea and the Philippines. About half of those shipments go to the U.S., and analysts say that the attacks could cause American demand to nosedive a further 20% by the end of the year. That would be catastrophic for countries...
...China's shopping frenzy has been fueled by the $65 billion the Chinese government plunks each year on infrastructure projects, and all that spending is starting to burn a hole in state finances. While official figures put the deficit at 2.7% of GDP, some analysts say the real figure is closer to 50% if you factor in Beijing's pension liabilities and more than $250 million in bad loans state-owned banks are thought to be hiding in their books. Meanwhile, the notion that China can be an engine for growth in Asia has pretty much gone out the window...
...billion," topped Tom Daschle?s whispered $50 billion earlier offer. That?s on top of the $55 billion already dashed off to rebuilders and the airline bailout. So what's to worry about? Greenspan and Rubin say any more than $100 billion total (roughly 1 percent of GDP), and you?re begging for rising interest rates now and rampant inflation later...
...CAPITA GDP...