Word: gdp
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...worried are you about the slowdown in China's GDP growth...
...last resort amidst a liquidity crisis. Although the country had been known for generations as an isolated fishing outpost off Europe, in the last few decades the national economy veered from fish to finance. According to official figures, the fishing industry shrunk from 16 percent to 6 percent of GDP between 1986 and 2006. Banking, insurance, and property, meanwhile, came to represent 26 percent of GDP by 2006. At the core of this transformation was the spectacular growth of Iceland’s three main banks, Glitnir, Landsbanki, and Kaupthing, all of which grew at impressive rates following their deregulation...
Unemployment is going to be a problem even though many economists view the current economic crisis on the whole as a rough patch with a foreseeable end. Some optimistic forecasts show GDP growth slipping until sometime in the latter part of 2009, when it is expected to inch upward again. But even an uptick in broad economic indicators after next year is unlikely to ease unemployment. The high unemployment rates taking shape now are likely to hover near record levels for some time, because economic recoveries in recent decades have tended to go forward without generating many jobs...
...United States. Sure, there was a bit of a credit-market scare in the latter half of 1998. But on balance, the impact on the U.S. economy was positive - as the emerging market troubles sent commodity prices down and capital flowed to the relative safety of Wall Street. Real GDP grew 4.2% that year...
...default on our giant debts to the rest of the world without actually defaulting - thanks to the decline in the dollar over the past five years. Chinese taxpayers, whose government holds a lot of that debt, may end up losing as much or more money (as a share of GDP) on the U.S. financial crisis as taxpayers here will...