Word: gdp
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...vote amid gathering signs of an economic downturn. Unemployment reached 8.6% in January, the first quarterly rise since 2003. And though most of Zapatero's term was marked by continued economic expansion - begun under his Popular Party predecessor, José María Aznar - up to one-quarter of GDP growth over the past seven years has been linked to housing starts. The resulting housing glut stemmed above all from overconfidence about tourism and speculation on second-home purchases. But José García-Montalvo, an economics professor at Barcelona's Pompeu Fabra University, says basic misconceptions about...
...Obama's top campaign advisors, Susan Rice, has in the course of her work at the Brookings Institution produced, with Stewart Patrick of the Center for Global Development, a 50-page index of weak states that ranks 141 developing countries according to 20 factors such incidence of coups, GDP growth and primary school completion. The idea is to define state weakness in a way that identifies problem countries, and shows which areas in them need the most attention...
...recognizes the challenges ahead. During his inauguration speech, the man nicknamed "The Bulldozer" said, "Economic revival is our most urgent task." After recording GDP growth of 5% last year - somewhat tepid by Korean standards - forecasts for 2008 call for the country's 2008 GDP growth to decline to around 4% as the U.S. battles a recession and demand for Korean exports eases globally. In February South Korea is expected to post its third straight monthly trade deficit - the first time that's happened in more than five years - as high oil prices and declining exports continue to bite. "The external...
...streets are stained crimson. Start with stocks. They have been pummeled this year. GDP braked sharply last quarter, and there has been plenty of panic about a recession. The Federal Reserve is slashing short-term interest rates at the fastest clip in decades. But if you stick to your steady, diversified plan while everyone else is retreating, you will be happy years from now. For one thing, Fed rate cuts always lift the economy eventually, and the stock market typically starts responding just as headlines get gloomiest. Sure, the market could fall again before recovering. But the recession...
...growing, you're not in a recession, right? We all know that." On Friday, Paulson ushered through a $168 billion stimulus package that he says will send checks to 130 million people in the U.S. by the end of summer and add "seven-tenths of a percent to GDP, more or less...