Word: gdp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...ways to diversify. Beijing's main concern is that the dollar will inevitably weaken, eroding the value of its holdings, due to the growing U.S. budget deficit that is expected to swell to more than $1.75 trillion in 2009, the country's largest debt load as a percentage of GDP since World War II. "This is the tip of the iceberg," warns Joseph Tan, the chief Asia economist for private banking at Credit Suisse. "It doesn't look promising for the dollar." (Read "How China Is Capitalizing on the Economic Crisis...
...Another critical pillar of the market is tech because it now represents such a huge part of the national GDP and the market caps of companies like Microsoft (MSFT), HP (HPQ), Cisco (CSCO), and Intel (INTC) make up such a significant part of the weighting of the S&P. For the most part, tech has done as well or better than the broader market over the last month...
...spending your way out of crisis has its limitations. Next year, Japan's public debt is expected to rise to 197% of GDP, according to the Organization for Economic Cooperation and Development (OECD). That would make Japan's debt ratio the highest among OECD nations and nearly twice that of the U.S. "If they spend money without reform, they can get growth," says Curtis. "But they will just increase the deficit and it won't be sustainable...
...find the economic situations of their countries deteriorating more than they expected. The call for issuing more debt and supporting job creation may get louder as unemployment rises into the double digits. What seem like a sustainable polity on debt and stimulus may be now, but if EU GDP begins to contract faster and harder than expected, a wave of government desperation could sweep the countries in the union. Obama may have his way. It may just take several months for other countries to come around to his way of thinking...
...Tamang, who worked as a farmer before he became a soldier, doubts Nepal will ever achieve a total ban on Gurkha recruitment. If the recruitment is stopped, Nepal's flailing economy will take a hit; each year, the country receives $1.1 billion in remittances - nearly 18% of the national GDP - from the Gurkhas and other 2 million Nepalis serving abroad. Even with its new democratically elected government, there is no guarantee how long peace will last in a still fractious Nepalese society. "If Nepal was politically stable and there were enough jobs," says Saharman Tamang, "our young men would...