Word: gdp
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...southern revolutionaries who helped win the war felt cheated in the years following 1975, when Hanoi's hard-line communists almost fatally "reorganized" much of old Saigon's industrial and commercial base. Now the city is in the heat of a spectacular comeback. A third of both Vietnam's gdp and its central-government revenues come from Ho Chi Minh City's textile factories, shrimp-processing plants and other businesses. The city is a commercial and banking center, as well as the capital of Vietnam's burgeoning oil and gas industry, which generates most of the nation's export income...
Little surprise then that the IMF is still hesitating. The Duma's preliminary approval of a budget with a deficit of $18 billion--7.7% of GDP--exceeds the maximum acceptable to the IMF as a condition for its loans. The imf also wants changes in oil policy to bring about more realistic domestic-energy pricing, but continues to be thwarted by a government leery of any moves that will burden industry and force unemployment to rise. Even the central bank is failing to toe the line. It had promised to stop fueling inflation by lending indiscriminately to the government...
...banking collapses have become periodic rituals, the economy has fallen into ruin and public cynicism is pervasive. Over the past 15 months, 16 private banks have failed and been nationalized. The government has picked up the tab for $7 billion in losses, equivalent to 16% of last year's GDP. Charges of financial irresponsibility, corruption and outright theft are flying. Arrest warrants have been issued for more than 100 people in connection with the collapses, and dozens of financiers are believed to have fled the country. President Rafael Caldera has charged that the banking system has been systematically looted...
...powerful triumvirate beneath him could pose a strong challenge. The standard bearer of the liberal-reform faction, Zhu Rongji, 66, Deng's | economic czar, has watched his star soar as last year's GDP grew nearly 12%, to $509 billion. But despite admission by Marxist stalwarts that economic liberalization has saved China from the fate of the defunct Soviet bloc, the economy has become dangerously overheated. Zhu's tough measures to curb growth clearly stem from his sense of how directly his own power is tied to the nation's balance sheet. But in the process he has alienated military...
More like a complete overhaul. Even before the military grabbed power in September 1991, Haiti had the fewest telephones, least electric power and lowest gross domestic product in the western hemisphere. After three years of terrorist misrule, real GDP fell one-third, income dropped to $205 per capita, and the gourde lost half its value. The government deficit soared to 10 times its former level, while revenues dropped by half: by some estimates, only 2,500 people in a population of nearly 7 million paid income taxes...