Consumption
in sentence
2633 examples of Consumption in a sentence
This would mean a depression not just for the US, but for Asia and probably Europe as well, for the US can remain the world’s importer of last resort and guarantor of effective demand only as long as its domestic
consumption
is strong.
Domestic consumption, supported by strong wage growth, must instead be the dominant driver of growth.
Some propose replacing the current personal and corporate income taxes with a flat tax on
consumption.
These structural adjustments are aimed at reducing China’s dependence on heavy industry and manufacturing exports while fostering domestic consumption, promoting higher-tech activities, and strengthening the services sector.
As a result, by 2020, China’s
consumption
of energy generated from sources other than fossil fuels will be roughly equivalent to Japan’s total energy
consumption.
Along with more stringent restrictions on coal
consumption
and greenhouse-gas emissions, the upcoming 13th Five-Year Plan, for 2016-2020, will include additional investment in research and development.
Coal
consumption
is likely to peak by 2025.
Women account for half of the global labor supply and about 70% of the world’s
consumption
demand.
No single measure would do more to make the world a less dangerous place than a substantial reduction in its
consumption
of oil.
And no single measure would do more to reduce global oil
consumption
than a sharp increase in the tax on gasoline in the country that consumes more of it than any other: the US.
Growth in inflation-adjusted US personal
consumption
expenditures has just been revised down to 1.5% in the second quarter of 2012, and appears to be on track for a similarly anemic increase in the third quarter.
From the first quarter of 2008 through the second quarter of 2012, annualized growth in real
consumption
spending has averaged a mere 0.7% – all the more extraordinary when compared with the pre-crisis trend of 3.6% in the decade ending in 2007.
Two bubbles – property and credit – enabled a decade of excessive
consumption.
Indeed, the Fed has doubled down on an approach aimed at recreating the madness of an asset- and credit-dependent
consumption
model – precisely the mistake that pushed the US economy toward the abyss in 2003-2006.
Even more striking is that the “empowerment gap” – that is, the additional
consumption
required to bring these 680 million people to the empowerment line – is seven times larger than the cost of eliminating extreme poverty.
Furthermore, while the empowerment line is a measure of individual consumption, a household’s ability or willingness to spend is not sufficient to guarantee a decent life.
With the right set of measures, more than half a billion people could cross the threshold of
consumption
required for an economically empowered life, and Indians could gain access to more than 80% of the basic services they need by 2022.
China was the first to embrace change – committing to an economic rebalancing by shifting its growth model from external to internal demand, from exports and investment to private
consumption.
To get there, China must go through a transformative rebalancing, from manufacturing to services, from export dependence to domestic consumption, from state-owned to private, and from rural to urban.
In order to establish a clear, low-risk path to producing their goods at a predictable (and profitable) cost, companies employ teams dedicated to securing the relevant supply chains, controlling inventory, managing the production process, and so on – from the point of origin to the point of
consumption.
Not surprisingly, the contraction was most acute during the depths of the Great Crisis, when
consumption
plunged at a 4.5% rate in the third and fourth quarters of 2008.
Annualized real
consumption
growth over the subsequent eight-quarter period from the third quarter of 2009 through the second quarter of 2011 averaged 2.1%.
The 14-quarter growth trend from early 2008 to mid-2011 was cut from 0.5% to 0.2%; the bulk of the downward revision was concentrated in the first six quarters of this period – for which the estimate of the annualized
consumption
decline was doubled, from 1.1% to 2.2%.
The 2.1%
consumption
growth trend realized during the anemic recovery of the past two years could well be indicative of what lies ahead for years to come.
Such an outcome would have three profound implications for the economic outlook: First, since consumer demand still accounts for 71% of real GDP, a protracted shortfall in trend
consumption
represents a major headwind for overall US economic growth.
Second, persistent weakness in
consumption
and GDP growth puts the US economy on a much weaker growth trajectory than that which is built into the government’s long-term budget estimates.
If the growth trend is one percentage point lower – a distinct possibility in an era of protracted
consumption
weakness – budget deficits would be a significantly higher.
Finally, no other economy is capable of filling the void left by a protracted shortfall of US
consumption.
So enduring weakness in US
consumption
implies pressure on the growth of export-led developing economies.
The outcome could be a genetic “arms race” that leads to taller and taller children, with significant environmental costs in the additional
consumption
required to fuel larger human beings.
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