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Growth in sentence

19851 examples of Growth in a sentence

A Weaker Euro for a Stronger EuropeCAMBRIDGE – Despite the recent upturn in some of its member countries, the eurozone’s economy remains in the doldrums, with the overall rate of annual GDP growth this year likely to be only slightly higher than 1%.
Even Germany’s growth rate is below 2%, while GDP is still declining in France, Italy, and Spain.
And this slow rate of growth has kept the eurozone’s total unemployment rate at a painfully high 12%.
Slow growth and high unemployment are not the eurozone’s only problems.
Devaluation would also boost average eurozone GDP growth by stimulating exports and encouraging Europeans to substitute domestically produced goods and services for imported items.
But when it comes to economic performance, they diverge widely, with only some countries achieving rapid and relatively consistent growth over long periods.
In the McKinsey Global Institute’s recent review of the per capita GDP growth of 71 emerging economies, 18 stood out.
The other 11 high performers tend to get less attention, as their per capita GDP growth began to accelerate more recently.
Yet Azerbaijan, Belarus, Cambodia, Ethiopia, India, Kazakhstan, Laos, Myanmar, Turkmenistan, Uzbekistan, and Vietnam all achieved per capita GDP growth of at least 5% for 20 years, from 1996 to 2016.
Development economists have long sought to identify the “secret sauce” that enables certain economies to achieve more stable and robust growth than their counterparts.
This has enabled the rise of a generation of large companies that have served as powerful engines of GDP growth.
From 2005 to 2016, they contributed about 40% of the total combined revenue and net income growth of all big public companies worldwide, even though they accounted for only about 25% of total revenue and net income in 2016.
The most successful emerging-economy companies – which tend to be export-oriented – not only boost growth, but also help to spur progress in the business environment.
The question now is whether the high-performing emerging economies can sustain rapid and consistent growth, and whether their peers can emulate their success.
For starters, a phenomenon known as premature deindustrialization is taking hold, with manufacturing growth in developing countries peaking at much lower levels of income than in the past.
If the other 53 emerging economies we looked at matched the productivity growth of their 18 high-performing peers, the global economy would be $11 trillion richer by 2030 – the equivalent of adding another China.
Over the past 15 years, the emerging economies have accounted for about two-thirds of global GDP growth.
If countries implement smart policies, building on the lessons of their most dynamic counterparts, robust and consistent growth can prevail across the emerging world.
Long Live China’s SlowdownNEW HAVEN – At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected.
But slower GDP growth is actually good for China, provided that it reflects the long-awaited structural transformation of the world’s most dynamic economy.
The broad outlines of this transformation are well known – a shift from export- and investment-led growth to an economic structure that draws greater support from domestic private consumption.
Less well known is that a rebalanced China should have a slower growth rate – the first hints of which may now be evident.
A rebalanced China can grow more slowly for one simple reason: By drawing increased support from services-led consumer demand, China’s new model will embrace a more labor-intensive growth recipe.
China has struggled to attain these goals with anything less than 10% growth, because the old model was not generating enough jobs per unit of output.
As a result, its economic model spawned a labor-saving, capital-intensive growth dynamic.
Services-led growth is, in many ways, the antidote to the “unstable, unbalanced, uncoordinated, and ultimately unsustainable” growth model that former Premier Wen Jiabao’s famously criticized in 2007.
Yet services offer more than just a labor-intensive growth path.
It is premature, of course, to conclude that a services-led transformation to slower growth is now at hand.
Not surprisingly, China skeptics are putting a different spin on the latest growth numbers.
Fears of a shadow-bank-induced credit bubble now top the worry list, reinforcing longstanding concerns that China may succumb to the dreaded “middle-income trap” – a sustained growth slowdown that has ensnared most high-growth emerging economies at the juncture that China has now reached.
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