Growth
in sentence
19851 examples of Growth in a sentence
Sometimes there are policies that can promote both
growth
and equality, and the job of good economists is to search for them.
It may also be possible to impose taxes on luxury goods (many of which are imported), thereby promoting equity without stifling
growth.
Clearly, African countries, assisted by their development partners, need to develop the continent's enormous energy potential as an integral part of their efforts to spur economic
growth
and reduce poverty.
An integrated, continent-wide energy strategy, linked to national policies for
growth
would, indeed, go a long way toward addressing this important need.
The African Economic Outlook estimates that Africa's GDP
growth
in 2003 stood at 3.6%, significantly higher than the 2.8% recorded in 2002.
Projections for 2004 indicate that faster
growth
is likely to continue, or even accelerate further, for the next two or three years.
But this is still not enough: it is generally acknowledged that average
growth
rates of around 6-8% are required if Africa is to make real headway in curtailing poverty.
Despite extraordinary
growth
since the start of its transition to a market economy in 1979, China is facing serious challenges simultaneously: rising inequality, large and growing levels of environmental degradation, stubborn external imbalances, and an aging society.
Fortunately, China’s 12th Five-Year Plan (2011-2015) recognizes the need to deepen market-oriented reform, change the country’s development model, and focus on the quality of growth, structural reforms, and social inclusion to overcome the rural-urban divide and stem the rise in income inequality.
The proposals contained in China 2030 could provide a framework for Chinese policymakers as they seek to achieve their goal of sustainable and harmonious
growth.
If only, so the received wisdom goes, economies could get back to a more “normal” rate of GDP and productivity growth, life would improve for more people, anti-establishment sentiment would wane, and politics would return to “normal” as well.
Technological innovation and demographics are now a headwind, not a tailwind, for growth, and financial engineering can’t save the day.
By the end of the 1970s,
growth
began to slow in many of the developed Western economies, and US President Ronald Reagan and Federal Reserve Chair Alan Greenspan ushered in a debt cycle that supercharged activity.
Financial leverage drove global
growth
onward for almost another 30 years.
But policymakers don’t like to see
growth
slow, and central bankers exhausted their toolkits in an attempt to stimulate economic activity despite insufficient demand.
As
growth
in the real economy continued to stagnate, angry populism surged, resulting in Brexit and President-elect Trump.
For all that central bankers have done to revive economic growth, the forces of demographics and innovation have worked against them.
Most of today’s (and tomorrow’s) demographic
growth
is in Africa, where it doesn’t drive global productivity to the extent that it does elsewhere.
This is typical of the process of “creative destruction” that Joseph Schumpeter famously described as being the handmaiden of
growth
in capitalist economies.
Eventually, average productivity and real incomes are likely to benefit as breakthrough technologies enable new kinds of
growth.
Still, the hope is that faster US
growth
and rising wages will quell voters’ populist rebellion.
Today’s slowing
growth
and political backlash is not some “new normal.”
We estimate that if a proportion of that money had been allocated to domestic investment in roads, schools, and research, the American economy would have been stimulated more in the short run, and its
growth
would have been enhanced in the long run.
According to the UN report World Economic Situation and Prospects 2016, their
growth
averaged only 3.8% in 2015 – the lowest rate since the global financial crisis in 2009 and matched in this century only by the recessionary year of 2001.
And what is important to bear in mind is that the slowdown in China and the deep recessions in the Russian Federation and Brazil only explain part of the broad falloff in
growth.
And the collapse of oil prices by more than 60% since July 2014 has undermined the
growth
prospects of oil exporters.
There will be large knock-on effects on the real economy, including severe damage to developing countries’
growth
prospects.
In fact, because they hurt economic growth, further reducing countries’ ability to service external debts, higher interest rates can be counterproductive.
With the economy nearly stagnant in 2011 and the first half of 2012, faster
growth
is a political necessity for her.
To be sure, Brazil’s economic
growth
over the last decade owed much to the commodity boom that has also benefitted its South American neighbors.
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