Growth
in sentence
19851 examples of Growth in a sentence
China’s Bumpy New NormalSHANGHAI – China’s shift from export-driven
growth
to a model based on domestic services and household consumption has been much bumpier than some anticipated, with stock-market gyrations and exchange-rate volatility inciting fears about the country’s economic stability.
Yet by historical standards, China’s economy is still performing well – at near 7% annual GDP growth, some might say very well – but success on the scale that China has seen over the past three decades breeds high expectations.
In China today, as in the US 35 years ago, there is a debate about whether supply-side or demand-side measures are most likely to restore
growth.
Environmental taxes could lead to better air and water quality, even as they raise substantial revenues; congestion taxes would improve quality of life in cities; property and capital-gains taxes would encourage higher investment in productive activities, promoting
growth.
Businesses see opportunities for taxpayer-funded subsidies, and to pass on inevitable cost
growth
to consumers.
Together with increased cooperation on technological innovation and an agreed set of policy principles that can be translated into concurrent national measures, this would boost
growth
in markets for energy-efficient and renewable technologies, driving costs down further.
These countries have domesticated the relevant technologies and adapted them to a developing-country context (balancing energy access for the poor with power for industrial
growth
and wealth creation).
For some, globalization is the road to prosperity for poor countries, and it certainly seems that countries such as Singapore, Taiwan, Korea, Chile and a few others have gotten much richer in the past 25 years through an economic strategy based on export
growth
and participation in the global economy.
Malaria can destroy economic
growth
and hinder foreign investment just as much as war or economic mismanagement.
Export-led
growth
has proved to be necessary for economic development for the simple reason that countries need to purchase technology from world markets (much of it in the form of high-tech machinery), and they can afford to do so only if they are generating sufficient export earnings.
In today’s knowledge economy, the countries that are the biggest success stories are basing their development not only on export
growth
but also on major investments in science and technology, and higher education.
Echoing comments by Italian Prime Minister Silvio Berlusconi, Deputy Economics Minister Mario Baldassarri said in Il Sole 24 Ore last week that all efforts to boost
growth
are in vain “if someone is pushing on the brake pedal.”
If anyone is “pushing down on the Italian
growth
brake” it is Berlusconi himself.
Should this change, the ECB will have to raise rates even if Europe’s economic
growth
remains slack.
The good news is that economic
growth
in the euro-zone economy appears to be picking up (even in Italy).
Though second-quarter GDP
growth
was weak — the euro-zone average was only 0.3% year on year – third-quarter data are indicating a sustained economic pick-up in the second half of the year.
Slow
growth
has silenced the monetarists on the ECB’s Governing Council.
But the public often views interest-rate increases as negative events that increase unemployment and stifle
growth.
Such a recovery requires efforts to create jobs and enhance countries’ productive capacity – for example, through infrastructure development – thereby encouraging complementary private investments and generating the conditions necessary to sustain long-term
growth.
Projections by the UN suggest that a coordinated economic-recovery agenda centered around such policies would boost annual global output
growth
to an average rate of 4%, and close the jobs deficit, by 2016 – a far better outlook than that implied by the current approach.
Furthermore, over the medium term, higher output and employment
growth
would stabilize public debt/GDP ratios, which would start to fall after 2016.
And here, too, integration is essential to scale and connect markets, reduce consumer costs, and drive
growth.
Developing a sub-regional market would also spur economic growth, create jobs, and boost income for millions of people.
If income and job
growth
do not pick up soon, populist parties may come closer to power at the national level in Europe, with anti-EU sentiments stalling the process of European economic and political integration.
A variant of this dynamic can be seen in Russia and many parts of Eastern Europe and Central Asia, where the fall of the Berlin Wall did not usher in democracy, economic liberalization, and rapid output
growth.
Instead, nationalist and authoritarian regimes have been in power for most of the past quarter-century, pursuing state-capitalist
growth
models that ensure only mediocre economic performance.
These leaders – as well as those in Thailand, Malaysia, and Indonesia, who are moving in a similar nationalist direction – must address major structural-reform challenges if they are to revive falling economic
growth
and, in the case of emerging markets, avoid a middle-income trap.
The Arab Spring – triggered by slow growth, high youth unemployment, and widespread economic desperation – has given way to a long winter in Egypt and Libya, where the alternatives are a return to authoritarian strongmen and political chaos.
This time, the damage caused by the Great Recession is subjecting most advanced economies to secular stagnation and creating major structural
growth
challenges for emerging markets.
The Paris talks sent a clear signal to markets, public officials, and investors that low-carbon
growth
is the future.
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