Word: gdp
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...Street has seeped into the minds and hearts of South Korean businessmen, bankers and housewives, who fear the consequences of an impending global recession. With the country heavily reliant on exports, South Korea, like the rest of Asia, cannot escape the fallout from a U.S. downturn. Goldman Sachs predicts GDP growth will sink to 3.9% in 2009, the lowest since...
What's in a number? If it's $586 billion - about 20% of China's GDP in the first three quarters of 2008 and the size of a giant economic-stimulus plan for just the next two years - then the number is a figure of considerable value, real as well as symbolic. The money, Beijing announced on Nov. 9, would go mainly to new infrastructure, homes, schools and clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land...
Such a rebound will be welcomed by the Irish government. Thanks to the fall in tax receipts caused by the housing-market collapse, Ireland's budget deficit is forecast to hit 5.5% of GDP this year - well beyond the 3% limit imposed by Brussels. That has left Dublin little room to spend its way out of trouble, a fact made clear when Finance Minister Lenihan announced a slew of tax hikes and spending cuts...
...haven't yet needed the kind of cash injections seen elsewhere in Europe and the U.S. But with credit markets freezing over, the government has guaranteed deposits and debts for a handful of big lenders, amounting to well over $500 billion in liabilities, more than twice the country's GDP. The next step will be to ensure credit gets to Ireland's good-quality businesses over the next year or two, says Davy's White. On Grafton Street, Weir & Sons is among the luckier ones. It owns its black-and-gold-fronted store, so at least it doesn't have...
...greater standing women have, the more everyone benefits: Industrialized countries can still grow their economies substantially by elevating women. Closing the employment gender gap "would have huge economic implications for the developed economies, boosting US GDP by as much as 9%, Eurozone GDP by as much as 13% and Japanese GDP by as much as 16%," according to the report...