Growth
in sentence
19851 examples of Growth in a sentence
In 2014, capital started to flow out of China and the currency started to depreciate, perhaps owing to a slowdown in the Chinese economy, relatively strong
growth
in the US, and a corresponding shift in their respective monetary policies.
Populists and ProductivityNEW YORK – Since the global financial crisis erupted in 2008, productivity
growth
in the advanced economies – the United States, Europe, and Japan – has been very slow both in absolute terms and relative to previous decades.
But this is at odds with the view, prevailing in Silicon Valley and other global technology hubs, that we are entering a new golden era of innovation, which will radically increase productivity
growth
and improve the way we live and work.
Breakthrough innovations are evident in at least six areas:At the macro level, the puzzle is why these innovations, many of which are already in play in our economies, have not yet led to a measured increase in productivity
growth.
A second explanation is that we are overlooking actual output – and thus productivity
growth
– because the new information-intensive goods and services are hard to measure, and their costs may be falling faster than standard methods allow us to gauge.
But if this were true, one would need to argue that the mis-measure of productivity
growth
is more severe today than in past decades of technological innovation.
A third explanation is that there is always a lag between innovation and productivity
growth.
In the first Internet revolution, the acceleration in productivity
growth
that started in the technology sector spread to the overall economy only many years later, as business- and consumer-facing applications of the new digital tools were applied in the production of goods and services far removed from the tech sector.
This time, too, it may take a while for the new technologies to become widespread and lead to measured increases in productivity
growth.
There is a fourth possibility: Potential
growth
and productivity
growth
have actually fallen since the financial crisis, as aging populations in most advanced economies and some key emerging markets (such as China and Russia), combined with lower investment in physical capital (which increases labor productivity), have led to lower trend
growth.
A related explanation emphasizes the phenomenon that economists call hysteresis: A persistent cyclical downturn or weak recovery (like the one we have experienced since 2008) can reduce potential
growth
for at least two reasons.
First, if workers remain unemployed for too long, they lose their skills and human capital; second, because technological innovation is embedded in new capital goods, low investment leads to permanently lower productivity
growth.
But if weak productivity
growth
persists – and with it subpar
growth
in wages and living standards – the recent populist backlash against free trade, globalization, migration, and market-oriented policies is likely to strengthen.
Do any of these offer a chance at
growth
at least as strong as what has been attained by exporting labor?
Emphasizing exports may in itself enhance the Palestinian economy's
growth
potential by increasing incentives to innovate, invest, and reduce inefficiencies.
These simulations also suggested that continued reliance on the export of labor results in a lower
growth
potential for the Palestinian economy than does a development strategy based on exporting goods.
For example, federal spending relative to GDP fell by five percentage points from the mid-1980’s to the late 1990’s in the US, and by an even larger margin in recent decades in Canada – that is, through periods of strong economic
growth.
The Obama policy would thus lead to ever-higher deficits and debt ratios well over 100% of GDP, a level that numerous studies imply would reduce US economic
growth
by one-third or more and might induce a sovereign-debt crisis.
These policies would affect US economic growth, the budget deficit, national saving, and hence global trade and capital flows.
With larger deficits under Obama than under Romney, America would need more capital from Europe, Latin America, and Asia, while higher taxes and debt would impede US
growth
and thus undermine these regions’ exports.
These combined pressures will make it far more difficult for central banks to sustain the so-called “Goldilocks” economy (“just right” inflation and growth).
There could be a real disaster if US
growth
woes turn today’s mild downward pressures into something much more serious.
It would be even worse if European ministers, frustrated with gridlock over exchange rates, started sharing ideas for creatively managing their budgets to stimulate short-term demand, rather than long-term
growth.
For the past couple of years, finance ministers and central bank heads have had the luxury of using the IMF meetings to congratulate themselves on rapid global growth, regardless of how much they actually contributed to it.
The main question was whether the sacrifices of tough austerity measures are now being rewarded by economic
growth
that outstrips the eurozone.
Reinhart and Rogoff published a paper that appeared to show that public-debt levels above 90% of GDP significantly impede economic
growth.
Most important, even though debt levels and
growth
remained negatively correlated, the evidence for a 90% threshold was revealed to be quite weak.
And, as many have argued, the correlation itself could be the result of low
growth
leading to high indebtedness, rather than the other way around.
Since the early 1990’s, many poor countries’ food bills have soared five- or six-fold, owing not only to population growth, but also to their focus on export-led agriculture.
It is expected that there will be slightly fewer than 400 million poor in 2030, and income
growth
should almost completely eradicate poverty by 2060.
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