Consumption
in sentence
2633 examples of Consumption in a sentence
At the start of this decade, Chinese government statistics showed that domestic
consumption
accounted for 38% of GDP; by the end of 2017, that figure had risen to 42-43%.
Ten years after the global financial crisis, US domestic
consumption
remains at around 70% of GDP.
The Club of Rome’s controversial 1972 study Limits to Growth set a new standard for modern, ecologically-inspired catastrophe theory, warning that continued
consumption
at contemporary levels would lead to “global economic collapse and precipitous population decline.”
US consumption, the single biggest driver of global growth, is surely headed to a lower level, on the back of weak housing prices, rising unemployment, and falling pension wealth.
During the boom, US
consumption
rose to more than 70% of GDP.
With the financial crisis, the Chinese economy’s necessary adjustment towards more domestic
consumption
has become far more urgent.
Lower public spending reduces aggregate demand, while declining transfers and higher taxes reduce disposable income and thus private
consumption.
And he is right to emphasize that all have made terrific progress and now offer great opportunities for the rising middle class, which wants to accumulate savings, borrow more easily (for productive investment, home purchases, education, etc), and, more generally, smooth out
consumption.
Environmentalists’ plan to obtain 20-50% of all energy from biomass could mean a tripling of current biomass consumption, placing its production in direct competition with that of food for a growing global population, while depleting water supplies, cutting down forests, and reducing biodiversity.
If so, Americans will have to spend more money on debt service, leaving them with less to spend on
consumption
of goods and services.
As a result, refinancing of mortgages will grind to a halt, leaving no money to draw out of housing to sustain Americans’
consumption
binge.
In any case, even if firms are cash-rich, they do not typically expand investment during periods when
consumption
is slowing.
By 2030, household
consumption
is expected to reach $2.5 trillion, up from $1.1 trillion in 2015.
Data surveillance cameras feed into China’s “social credit” data bank, where the regime compiles thick files on its people’s creditworthiness,
consumption
patterns, and overall reliability.
When prices rebounded, the relationship switched: energy-exporting countries’ revenues inched up, while importing countries struggled to maintain
consumption
levels.
This would create stronger incentives to reduce fossil-fuel consumption, while encouraging investment and growth in green-energy output.
Lifestyle changes, for example, have spurred increasing per capita water consumption, with rising incomes promoting dietary change, for example, especially higher
consumption
of meat, production of which is ten times more water-intensive, on average, than plant-based calories and proteins.
The direct ecological footprint of the livestock population is larger than that of the human population, with rapidly rising global meat
consumption
becoming a key driver of water stress by itself.
Major increases in water demand, however, are being driven not merely by economic and demographic growth, or by the additional energy, manufacturing, and food production to meet rising
consumption
levels, but also by the fact that the global population is getting fatter.
To achieve its growth targets, China will have to rely on domestic demand, including investment and
consumption.
The investments will generate jobs, household income, and
consumption.
Before the 2008 crisis, there was much talk of global imbalances, and the need for the trade-surplus countries, like Germany and China, to increase their
consumption.
As China increases its consumption, it will not necessarily buy more goods from the United States.
In fact, it is more likely to increase
consumption
of non-traded goods – like health care and education – resulting in profound disturbances to the global supply chain, especially in countries that had been supplying the inputs to China’s manufacturing exporters.
Ideally, there would be a shift from income taxation to a progressive
consumption
tax (the simplest example being a flat tax with a very high exemption).
In its recent Africa Energy Outlook, the IEA estimates that Africa’s energy
consumption
will increase by 80% by 2040; but, with the continent’s population almost doubling, less energy per person will be available.
Moreover, there is simply no evidence that the death penalty for drug use lowers rates of
consumption
or trafficking.
How can one compare cost-of-living indices in different periods when new goods are constantly upending traditional
consumption
models?
For this reason,
consumption
– the main driver of economic growth – has stagnated since 2000, while unemployment rates have risen almost everywhere, creating instability that affects even those who still have jobs.
Suppose that a full quarter of Chinese capital investment – currently running at around 44% of GDP – is wasted: that would mean China’s people are unnecessarily sacrificing 11% of GDP in lost consumption: but if the remaining 33% of GDP is well invested, rapid growth could still result.
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