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How are the five Eurozone bailout economies progressing? Global Economy Watch August 2015
... output gaps. In 2014, the unweighted average output gap of France, Italy and the Netherlands was around 4% of potential GDP. This may make businesses reluctant to invest until this spare capacity is used up. Germany is operating close to capacity, which makes its relatively weak investment performan ...
... output gaps. In 2014, the unweighted average output gap of France, Italy and the Netherlands was around 4% of potential GDP. This may make businesses reluctant to invest until this spare capacity is used up. Germany is operating close to capacity, which makes its relatively weak investment performan ...
THE TANZANIA LONG TERM PERSPECTIVE PLAN
... drastic change in the growth path, especially in the agricultural and manufacturing sectors, in turn requiring raising capital to implement the necessary investments. Several points need to be made here. First, Tanzania has performed below expectation for 12 years since TDV was introduced in 2000. ...
... drastic change in the growth path, especially in the agricultural and manufacturing sectors, in turn requiring raising capital to implement the necessary investments. Several points need to be made here. First, Tanzania has performed below expectation for 12 years since TDV was introduced in 2000. ...
Economic Growth in China: Past and Future
... Summary 1. In purchasing power terms, China will be as large as the U.S. by 2010. Per capita, it will take longer, except for the most developed provinces. 2. China fits standard development patterns, such as of structural change, and appears to be at a stage of development at which Japan/ Korea/ T ...
... Summary 1. In purchasing power terms, China will be as large as the U.S. by 2010. Per capita, it will take longer, except for the most developed provinces. 2. China fits standard development patterns, such as of structural change, and appears to be at a stage of development at which Japan/ Korea/ T ...
POTENTIAL GDP OF THE GREEK ECONOMY HELLENIC FISCAL
... Potential GDP is, in principle, a summary indicator which illustrates the ability of an economy to achieve long-term, sustainable and non-inflationary economic growth. Similarly, the output gap is an indicator of the degree of overheating or under-utilization of productive resources in relation to p ...
... Potential GDP is, in principle, a summary indicator which illustrates the ability of an economy to achieve long-term, sustainable and non-inflationary economic growth. Similarly, the output gap is an indicator of the degree of overheating or under-utilization of productive resources in relation to p ...
The sources of convergence - Eesti Majandusteaduse Selts
... the relative income of a country is initially far below the level it will ultimately converge to, the intercepts of the supply side behavioural equations must be restricted by the time dependent dynamic homogeneity condition in order to guarantee that the model economy will converge exactly to what ...
... the relative income of a country is initially far below the level it will ultimately converge to, the intercepts of the supply side behavioural equations must be restricted by the time dependent dynamic homogeneity condition in order to guarantee that the model economy will converge exactly to what ...
2015 Quarter 1
... Consumer price index (CPI) inflation trended lower for a fourth consecutive month in March, according to the Central Statistics Office (CSO). The annual inflation rate eased to 7.2% y-o-y in March, 0.2 percentage points lower than the reading in February. In addition to a lower y-o-y reading for foo ...
... Consumer price index (CPI) inflation trended lower for a fourth consecutive month in March, according to the Central Statistics Office (CSO). The annual inflation rate eased to 7.2% y-o-y in March, 0.2 percentage points lower than the reading in February. In addition to a lower y-o-y reading for foo ...
Presentation to the Bay Area Council 2006 Outlook Conference
... next year or so is that inflation will remain contained, although there are risks, and I think they are tilted slightly to the upside. First, there is the possibility that inflation could intensify if labor and product markets continue to tighten. Next, there are risks relating to energy and commod ...
... next year or so is that inflation will remain contained, although there are risks, and I think they are tilted slightly to the upside. First, there is the possibility that inflation could intensify if labor and product markets continue to tighten. Next, there are risks relating to energy and commod ...
Money stock composition and inflation risks • May 2016
... GDP grows by 2% YoY, and lending increases by 5% in 2016 and 10% in 2017-2019. The scenarios differ by changes in the composition of money supply. In the first scenario, М2Y and all of its components grow by 10% YoY. Thereby, the composition of money supply remains unchanged. In the second scenario, ...
... GDP grows by 2% YoY, and lending increases by 5% in 2016 and 10% in 2017-2019. The scenarios differ by changes in the composition of money supply. In the first scenario, М2Y and all of its components grow by 10% YoY. Thereby, the composition of money supply remains unchanged. In the second scenario, ...
An Appraisal of the RDP and the Macroeconomic
... reform and fiscal discipline are already in place. Attempts are also made to open the economy to international competition and secure access to new markets. Nevertheless it has become evident that the expected real economic growth rate for the next few years will reach only 3,0 per cent per annum at ...
... reform and fiscal discipline are already in place. Attempts are also made to open the economy to international competition and secure access to new markets. Nevertheless it has become evident that the expected real economic growth rate for the next few years will reach only 3,0 per cent per annum at ...
Growth outlook deteriorates in the Euro-zone (PDF, 52 KB)
... Slowdown in industrial production During the Summer 2011, business and consumer confidence deteriorated sharply in the Euro area owing to mounting tensions on financial markets and fiscal consolidation in most Member States. The positive impulse from external demand is also expected to be limited ov ...
... Slowdown in industrial production During the Summer 2011, business and consumer confidence deteriorated sharply in the Euro area owing to mounting tensions on financial markets and fiscal consolidation in most Member States. The positive impulse from external demand is also expected to be limited ov ...
Download the detailed analyses with figures and tables (as PDF)
... Slowdown in industrial production During the Summer 2011, business and consumer confidence deteriorated sharply in the Euro area owing to mounting tensions on financial markets and fiscal consolidation in most Member States. The positive impulse from external demand is also expected to be limited ov ...
... Slowdown in industrial production During the Summer 2011, business and consumer confidence deteriorated sharply in the Euro area owing to mounting tensions on financial markets and fiscal consolidation in most Member States. The positive impulse from external demand is also expected to be limited ov ...
CHAPTER 3
... – A period marked by a prolonged period of high unemployment, weak sales of goods and services, and business failures. • GDP falls rapidly during depression. ...
... – A period marked by a prolonged period of high unemployment, weak sales of goods and services, and business failures. • GDP falls rapidly during depression. ...
Slide 1
... The contraction of GDP has been revised upward but this doesn’t change the economic picture Government expenditure has held up the economy Improvement in disposable income, providing much needed relief to ...
... The contraction of GDP has been revised upward but this doesn’t change the economic picture Government expenditure has held up the economy Improvement in disposable income, providing much needed relief to ...
The Icelandic Economy
... The pension funds have been very active in foreign investment and have accumulated a significant amount of assets abroad. ...
... The pension funds have been very active in foreign investment and have accumulated a significant amount of assets abroad. ...
A Model of Growth of the Contemporary Indian Economy
... But even when the economy is to the right of i*, and experiencing an accelerating rate of investment (and possibly output) growth, its capacity to use up labour reserves remains dubious. While we cannot track here the exact course of employment, we can nonetheless say something meaningful about empl ...
... But even when the economy is to the right of i*, and experiencing an accelerating rate of investment (and possibly output) growth, its capacity to use up labour reserves remains dubious. While we cannot track here the exact course of employment, we can nonetheless say something meaningful about empl ...
Slide 1
... Repeated episodes of large inflows and subsequent crises Increased demand for capital inflows due to disbalance between investment and saving ratios Global conditions are key factor driving capital inflows increased liquidity (lower global interest rates) risk appetite by investor, but als ...
... Repeated episodes of large inflows and subsequent crises Increased demand for capital inflows due to disbalance between investment and saving ratios Global conditions are key factor driving capital inflows increased liquidity (lower global interest rates) risk appetite by investor, but als ...
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... of investment spending has softened as business consales of goods declined. Initial claims for unemfidence indicators have slipped slightly. Consumption ployment compensation continued to rise throughspending has remained strong, however, with conout the quarter, and both the purchasing managers’ su ...
... of investment spending has softened as business consales of goods declined. Initial claims for unemfidence indicators have slipped slightly. Consumption ployment compensation continued to rise throughspending has remained strong, however, with conout the quarter, and both the purchasing managers’ su ...
Long-Run Growth - Faculty Directory | Berkeley-Haas
... Constant Growth in Labor/Population 1. Strong negative correlation between real GDP per capita and fertility. Why? – Parents invest in children for purely economic reasons – Rising opportunity cost – quality of children matters, not quantity – Falling cost of birth control, falling infant mortal ...
... Constant Growth in Labor/Population 1. Strong negative correlation between real GDP per capita and fertility. Why? – Parents invest in children for purely economic reasons – Rising opportunity cost – quality of children matters, not quantity – Falling cost of birth control, falling infant mortal ...
Bank of England Inflation Report May 2009
... (a) The shaded areas indicate the quarters during recoveries in output growth where four-quarter GDP growth had become positive but four-quarter employment growth remained negative. (b) Chained-volume measure at market prices. (c) The figure for LFS employment in 2009 Q1 is based on the three months ...
... (a) The shaded areas indicate the quarters during recoveries in output growth where four-quarter GDP growth had become positive but four-quarter employment growth remained negative. (b) Chained-volume measure at market prices. (c) The figure for LFS employment in 2009 Q1 is based on the three months ...
doc lecture 2 - 3 theories of dev
... economics and modernization theory assumed that a better world was possible through Western intervention, Marxists made the opposite argument The broad contours of the dependency theory or, because there are quite a few variations of dependency theory, dependency theories is that the nation state is ...
... economics and modernization theory assumed that a better world was possible through Western intervention, Marxists made the opposite argument The broad contours of the dependency theory or, because there are quite a few variations of dependency theory, dependency theories is that the nation state is ...
Macroeconomics Unit 1(1)
... the economy’s total output tell us nothing about who receives that output. It is possible for a country to have an increase in economic total output and at the same time some people will be worse off. ...
... the economy’s total output tell us nothing about who receives that output. It is possible for a country to have an increase in economic total output and at the same time some people will be worse off. ...
Literacy and the Spirit of Capitalism
... names for colors to abstract ones, and situative groupings of items to categorical ones (note that abstract thinking is based on category cognition). Furthermore, illiterate respondents could not solve syllogistic problems like the following one – "Precious metals do not get rust. Gold is a precious ...
... names for colors to abstract ones, and situative groupings of items to categorical ones (note that abstract thinking is based on category cognition). Furthermore, illiterate respondents could not solve syllogistic problems like the following one – "Precious metals do not get rust. Gold is a precious ...
Economic growth
![](https://commons.wikimedia.org/wiki/Special:FilePath/Gdp_accumulated_change.png?width=300)
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.