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Growth in sentence

19851 examples of Growth in a sentence

America’s Growth in the Decade AheadCAMBRIDGE – Although the strength of the US economy in 2010 remains uncertain, it is important to look ahead to its likely performance in the coming decade.
When I add up all the key components, I conclude that the coming decade’s annual growth is likely to be about 1.9%, roughly the same as the average rate over the past ten years.
The growth of potential GDP will reflect the structural rise of the labor force, the increase in the capital stock, and the improvement in multifactor productivity (i.e., the change in the output that results from improvements in technology rather than from increases in labor and capital.)
Although there are uncertainties about each of these components of growth, their performance in the coming years is unlikely to be as good as it was in recent decades.
Slower population growth and a demographically driven decline in the labor-force participation rate will reduce employment growth.
That growth of the labor force will raise potential GDP by only about 0.5% per year.
There is no way to know whether the rate of growth of multifactor productivity will remain at its current level or will revert to the pre-2000 pace.
Assuming slower growth in the labor force than in the past decade, no rise in productivity due to capital accumulation, and a decline in multifactor productivity growth to its pre-2000 average implies that annual potential GDP growth will be only 1.4%.
Combining these conservative assumptions about potential GDP with the effect of the cyclical rebound – an estimated 1.2% annual rise in real GDP – would produce real GDP growth at an average annual rate of 2.6%, which would be significantly higher than the 1.9% rate in the decade ending in 2009.
If the real trade-weighted value of the dollar falls by 25% over the coming decade, and the full effect of that dollar decline is reflected in import prices, the increased cost of imports would reduce the growth of US real incomes by about 0.4% a year.
These two international effects would leave annual net growth of real goods and services available for US consumption and investment – both domestically produced and imported – at just 1.9%, implying no change compared to the past decade.
The government should take the weak ten-year projection as a warning and a reason to devote policies to reducing fiscal deficits and strengthening incentives for growth.
Consequently, France has long suffered from anemic growth and high unemployment – a perfect example of what can happen when the state intervenes in economic activities.
They do so knowing that the resulting trade deficit will allow them to make more investments, and achieve a higher rate of growth, than they ever could in a closed economy.
But economic problems such as weak growth or high unemployment are not caused by a lack of total demand.
Tackling Non-Inclusive GrowthMILAN – Several years ago, I had the privilege of chairing a commission on growth in developing countries.
First, as we concluded in our final report, non-inclusive growth patterns will always ultimately fail.
Such patterns cannot produce the sustained high growth that is necessary for reducing poverty and fulfilling basic human aspirations for health, security, and the chance to contribute productively and creatively to society.
Our second broad conclusion was that sustained growth requires a coherent, adaptable strategy that is based on shared values and goals, trust, and some degree of consensus.
Many developing countries have experienced extended periods of slow or no growth.
Achieving a higher growth equilibrium is rarely a gradual or incremental transition.
The spillover effects of non-inclusive growth are already evident almost everywhere, to varying degrees, in the form of social polarization, policy gridlock and incoherence, and a generalized loss of public trust.
That said, the analyses conducted so far have not yet generated widespread awareness of the threat that non-inclusive growth poses to productivity and economic performance as conventionally measured.
The adverse economic effects of non-inclusive growth grow and multiply slowly over time, and will continue to do so in the absence of collective action – usually but not necessarily manifested through government – to shift prevailing distributional patterns.
But I would remind them of the second lesson from developing countries’ experience: non-inclusive growth patterns undermine trust and eventually governance, in turn undercutting policymakers’ ability to sustain policies and strategies that support high growth.
But their growing fortunes stand in stark contrast to decades of slow wage growth, which is creating a political backlash.
Indeed, China’s neighbors will not be reliably good to Chinese interests unless and until China begins to provide essential public goods – not just commerce, but also full-fledged regional governance based on the rule of law, respect for human rights, and regional economic growth.
Such investment can determine whether a country’s economic growth is broadly inclusive or leaves large segments of society behind.
An abundant supply of workers who have been appropriately trained and can continue to learn boosts investor confidence and thus job growth.
For all of the progress human society has made since the era of the Luddites, a simple truth persists: machines must strengthen, not weaken, our prospects for inclusive growth and broadly shared prosperity.
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