Word: gdp
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...years. The carmaker also plans to suspend production at all 12 of its Japanese factories for 11 days in February because consumers worldwide aren't buying. Masafumi Yamamoto, head of foreign-exchange strategy for Japan at Royal Bank of Scotland, says a 10% appreciation of the yen slashes the GDP growth rate by 0.3 to 0.4 percentage points...
...worry is that in the 1920s, the banking system in the U.S. was about $50 billion, which was about 50% of GDP. The banking system and the shadow banking system now are about 150% of GDP. In Britain it's 350% of GDP. The worry is that the financial system has become so large relative to the size of central banks that we've created something of a Frankenstein. No one really knows whether we can handle a financial system that's 150% or 200% of GDP...
...anyone is going to do that for another 50 years, until we forget about this mistake. All of the people who were running central banks allowed the financial system to become so large and leverage to become so pervasive. That they allowed banks in Iceland to become 850% of GDP is crazy. The Royal Bank of Scotland had the largest balance sheet in the world for a while. That made no sense...
...couples like Gong and Wang are key to China's economic future - just as China's future may determine how long the global recession lasts. They are part of the population cohort the government hopes will boost domestic consumption, which takes up a mere 35% of the country's GDP right now, and thereby wean the country off export-dependent growth. China has long been concerned about its sluggish domestic consumer demand and recently vowed to expand it by injecting $586 billion into nationwide infrastructure. But a dwindling confidence in the economy seems to be getting...
...impact of the growing global financial crisis. But that hope has now been crushed under an increasing tide of grimmer and grimmer statistics that seem to portray an economy in free fall. China will have its hard landing in 2009, and even the most optimistic economists now concede that GDP growth will be far below the 8% annual pace that Chinese economists and officials generally regard as the minimum necessary for the preservation of social order, possibly hitting 5% or under...