Word: gdp
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...Yesterday, three pieces of news hit the markets. China's GDP growth moved down to just over 6% in the fourth quarter. Its economic expansion has been running a hot 10% for more than five years. At the same time, Japan announced that its exports had gone off a cliff, down 35% in December. And, in Korea, GDP actually fell...
...time of plunging stock markets, bank bailouts and deepening recession, the economic data released by the Chinese government on Thursday might be enough to make many drool. GDP for the world's third-largest economy surged 9% in 2008 from the year earlier. But first looks can be deceiving. The statistics also showed just how quickly and severely the global economy decelerated in the latter part of the year. China's growth in the fourth quarter, at 6.8%, was the slowest the country has experienced in seven years. Compare that figure to the first half of 2008, when growth...
...economic reality has been jarring for a country considered not long ago nearly impervious to the global slowdown. With consumer spending declining in the U.S., China's export machine - which accounts for some 20% of GDP growth - has run out of steam. Exports fell 2.8% in December, the worst performance since 1999. (See pictures of the global financial crisis...
...Except for China and India, every major national economy in the world now readily admits that it is in the midst of GDP contraction. The resulting slowdown in global trade will certainly affect China seriously, as well, and sooner than most analysts think. A deep recession in China may be only a quarter away...
...lawns green in the dry winter and everything is air-conditioned - represents at least one future of environmentalism, a future that embraces new technology to remedy the ills of old technology. That's because those in the rising developing world - which is how Abu Dhabi is classified, despite a GDP per capita of $63,000 - want to enjoy the energy-intensive lifestyles of the developed world, and they don't want fears over climate change to stop them. The best hope is that the innovation personified by Masdar and the WFES can beat the pace of warming. Masdar may seem...