Word: gdp
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...Biddle says the military personnel he spoke with in Afghanistan didn't seem to have spent much time assessing how big an army Afghanistan could support. "It seemed like a new question to a lot of people," he says. "They hadn't spent time computing projected Afghan GDP and the likely percent of GDP they could spend on security and how many troops that would allow them to support." Biddle says that because Afghanistan can't support a unified force big enough to defend itself, provincial authorities and their militias will have to pick up the slack. "Going...
...spending more and reducing their stratospherically high national household-savings rate, which stands at more than 25%, compared with a savings rate in the U.S. that hovers near zero. China needs to start creating new jobs by boosting its underdeveloped service sector, which contributes just 40% to overall GDP, compared with 79% in the U.S. In that way, the country can reduce its dependence on exports and continue to grow, thereby increasing its role as an outlet for the goods and services produced by the rest of the world...
...This needs to change - and it has started to. Beijing's plans to increase the service sector's overall contribution to the economy by 3 percentage points by 2010 - to 43% of GDP - and by 10 points a decade from now. Earlier this year, the government ordered state-owned banks to step up lending to service-sector companies. Beijing has also begun to break down barriers that have prevented foreign companies from investing in highly regulated areas of the economy. Health care, which should generate an enormous number of jobs going forward as China's population ages rapidly...
...After growing at 11.4% last year, the Chinese economy expanded at 9% in the third quarter of 2008. The government hopes to maintain GDP growth of 8% or above next year. If growth falls below that level unemployment could reach destabilizing levels. In the official press, the phrase bao ba, or "protect eight," has now become a mantra. Last month the World Bank lowered its GDP growth estimate for China...
...South American giant may have seemed Lilliputian. But the global economic crisis has made a huge difference. Brazil’s admirable resistance to the current turmoil vindicates its placement. It also strengthens the judgment that the B-side of the BRIC dream is not one of scandalous GDP growth rates, but one of steady 3-7 percent increases per year. Current estimates for 2009 hover around 3 percent, even as economies around the world stagnate or shrink. Yet the government’s more optimistic prediction, of 3.5-4 percent, was reinforced by yesterday’s release...