Word: gdp
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...reason for their angst is clear enough: throughout 2009, the most severe global downturn in decades, China's economic growth remained intact. This year, China's GDP will likely rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure...
...backdrop of the ongoing economic crisis, which remains the key issue for voters. Germany may be officially out of recession but Europe's biggest economy is struggling to get back on its feet. Unemployment is creeping up and public finances are deteriorating. Germany's budget deficit reached 3.3% of GDP in 2009 and is forecast to rise to more than 5% of GDP this year - far more than the 3% limit set by European Union rules. Add in worries that Berlin could end up bailing Greece out of its own financial predicament (so far Merkel's response to calls...
...numbers are undoubtedly big, running into many trillions of dollars. The percentages are also daunting, with projections of total gross debt reaching 100% of U.S. GDP this year or next and surging every year thereafter. There is bipartisan agreement that the deficits and overall debt are unsustainable. Douglas Holtz-Eakin, a former director of the Congressional Budget Office, has urged policymakers not just to educate the public about the dangers ahead but also "to scare them to death" about the dire prospects if the debt is allowed to continue to grow. (See a report card on the stimulus programs...
...numbers. The amount the U.S. pays to service the national debt isn't particularly onerous. In fact, interest payments in 2010, which so many have touted as approaching $500 billion, are not much different in inflation-adjusted terms from what servicing cost 20 years ago, especially relative to GDP. The same is true for household debt, which has shot up astronomically in sheer dollars but consumes about the same percentage of household income to service as it did in the 1990s...
...China's 2010 military budget, which is awaiting legislative approval, will be $78 billion. That would make it second only to the United States, which for 2010 has a total budget of $663.8 billion. U.S. spending is equivalent to 4.7% of the nation's GDP, while China's defense outlay equals about 1.5% of its estimated 2010 GDP...