Growth
in sentence
19851 examples of Growth in a sentence
Economic policymakers around the world are looking for ways to boost growth, with infrastructure investment topping most lists.
Many European countries are looking to China as the key to stronger domestic
growth.
African leaders view China as their countries’ new indispensable
growth
partner, particularly in infrastructure and business development.
This will enable other countries to boost their own growth, while cementing China’s global economic and geopolitical leadership.
All told, these various initiatives are likely to leverage hundreds of billions of dollars in investment over the coming decade, speeding
growth
in the counterpart countries while deepening their production, trade, and financial linkages with China.
The last decade – until the collapse of Lehman Brothers in September 2008 – was known as the Great Moderation, a period of low inflation and strong
growth
that reflected major new developments, such as global integration of emerging markets and major central banks’ adoption of inflation-targeting regimes during the 1990’s.
Price stability during the 2000’s explained the low interest rates that supported strong
growth.
Again, such policies would have worked a decade ago, in an environment of low inflation and rapid lending
growth.
That intellectual question leads directly to a practical one: Will the ECB ever be able to translate quantitative easing into stronger economic
growth
and higher inflation?
This has been a by-product of the increase in real demand, achieved by reducing unemployment to a level at which rising wages contribute to faster price
growth.
What was needed was an organism with a rapid
growth
rate, like bacteria.
In a series of academic papers with Carmen Reinhart – including, most recently, joint work with Vincent Reinhart (“Debt Overhangs: Past and Present”) – we find that very high debt levels of 90% of GDP are a long-term secular drag on economic
growth
that often lasts for two decades or more.
The average high-debt episodes since 1800 last 23 years and are associated with a
growth
rate more than one percentage point below the rate typical for periods of lower debt levels.
That is, after a quarter-century of high debt, income can be 25% lower than it would have been at normal
growth
rates.
Of course, there is two-way feedback between debt and growth, but normal recessions last only a year and cannot explain a two-decade period of malaise.
The drag on
growth
is more likely to come from the eventual need for the government to raise taxes, as well as from lower investment spending.
Japan’s slow
growth
and low interest rates over the past two decades are emblematic.
The country not only endured the global financial crisis of 2008-2009 and the European sovereign debt crisis; it has actually thrived in recent years, experiencing robust GDP
growth
and impressive wage gains.
That consensus will remain credible as long as political reform continues and economic
growth
accelerates.
Today doctors give synthetic
growth
hormone to short boys, or Propecia to middle-aged men to remedy the shame of baldness.
Specifically, the ECB must do much more to support economic
growth.
Their desire to “catch up” prompted the so-called color revolutions of 2003 and 2004, reflecting their belief that economic growth, democratization, and a pro-Western orientation went hand in hand.
In 2008, it seemed that Russia’s state-controlled energy giant Gazprom, benefiting from unprecedented
growth
in emerging-markets demand, led by China, might soon become the world’s largest corporation.
While Western investment drove economic
growth
in Central and Eastern Europe, the commodity boom sustained Russia’s geopolitical revival.
Back in 1989, the end of the Cold War seemed to suggest that market-driven economic
growth
was an irrepressible force that gave the edge to the US-led West.
Second, global
growth
did not necessarily strengthen the unipolar order.
Truly comprehensive global
growth
breeds multipolarity, which, in the absence of an overarching diplomatic and geopolitical settlement, is a recipe for conflict.
This will enable low real interest rates, which (together with bank reform) is the main condition for the
growth
of small and medium-sized enterprises needed to diversify the economic structure and ensure a more stable pattern of
growth.
In the second mode, asset prices fall because investors recognize that they should never have been as high as they were, or that future productivity
growth
is likely to be lower and interest rates higher.
China’s export-led economic model has reached its limits, and the transition to domestic-led
growth
is intensifying internal frictions.
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