Growth
in sentence
19851 examples of Growth in a sentence
For China, the risk will be highest if it sticks with the timeworn recipe of unbalanced manufacturing- and construction-led growth, which has created such serious sustainability problems.
If China fails to rebalance, weak external demand from a crisis-battered developed world will continue to hobble its export machine, forcing it to up the ante on a credit- and investment-led
growth
model – in effect, doubling down on resource-intensive and environmentally damaging
growth.
Financial markets, as well as growth-starved developed economies, are not thrilled with the natural rhythm of slower
growth
that a rebalanced Chinese economy is likely to experience.
The United States is likely to have a different problem with consumer-led
growth
in China.
Just as China must embrace slower
growth
as a natural consequence of its rebalancing imperative, the rest of the world will need to figure out how to cope when it does.
More broadly, Lutz Mez, a political scientist at Berlin’s Free University, argues that the country’s shift has “observably decoupled energy supply from economic growth,” and that the “evolving Energiewende, rather than the nuclear phase-out” implies “continuing reforms of social, economic, technological, and cultural policy in Germany.”
A close look at productivity
growth
(output per hour worked) in the US and Europe shows that US capitalism remains as vital than ever.
Having grown at an average annual rate of just 1.6% since the early 1970's, annual US productivity
growth
in the non-farm business sector has accelerated to an average of 2.6% in the seven years since 1995, with no sign of a slowdown.
Annual productivity
growth
actually slackened in the second half of the1990's, from 2.5% to just 1.3% today.
This is a legitimate choice, but once made, Europeans should stop looking for scapegoats for slow
growth.
The unemployment rate is down to just 5%, job
growth
is strong and consistent, and jobless claims have been on a clear downward trajectory for several years.
In the absence of genuinely robust global growth, which is unlikely in the near term, financial markets are relying on extremely loose monetary policy to prop up prices.
But, while market forces reward innovation and creativity, their impact is substantially weakened in a global economy plagued by slow, uneven
growth.
The UAE enjoys substantial hydrocarbon resources, with oil and gas output accounting for 45% of GDP and 80% of national income, and fueling the country’s economic
growth.
Even if its annual output
growth
slows to 7%, the country will add some $700 billion to global GDP this year.
Moreover, output
growth
in the United States was not economically sustainable.
With so much of US national income going to so few,
growth
could continue only through consumption financed by a mounting pile of debt.
Growth
would restore confidence that Greece could repay its debts, causing interest rates to fall and leaving more fiscal room for further growth-enhancing investments.
Growth
itself increases tax revenues and reduces the need for social expenditures, such as unemployment benefits.
And the confidence that this engenders leads to still further
growth.
Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce
growth.
But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise.
A failure of either Europe or the US to return to robust
growth
would be bad for the global economy.
A failure in both would be disastrous – even if the major emerging-market countries have attained self-sustaining
growth.
This raises the question of whether Japan’s current problems –sluggish growth, high public debt, and rapid population aging – presage a similar trend across East Asia.
Similar problems are already appearing in South Korea, while China has been driven to loosen its one-child policy and unveil plans for economic reforms aimed at reviving
growth.
The Return of Public InvestmentCAMBRIDGE – The idea that public investment in infrastructure – roads, dams, power plants, and so forth – is an indispensable driver of economic
growth
has always held powerful sway over the minds of policymakers in poor countries.
But this kind of public-investment-driven
growth
model – often derisively called “capital fundamentalism” – has long been out of fashion among development experts.
Rapid
growth
was the result, instead, of a massive increase in public investment, from 5% of GDP in the early 1990s to 19% in 2011 – the third highest rate in the world.
In India, rapid
growth
is also underpinned by a substantial increase in investment, which now stands at around one-third of GDP.
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