Word: output
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...expectation of future Social Security benefits discourages workers from saving some of their income for retirement. In the fully-funded system, savings accumulates in each individual's account. Savings is important because it fuels investment in plant and equipment. Additional plant and equipment allows each worker to produce more output. In other words, labor productivity rises, and therefore, national output (GDP) rises...
...words in the headlines seemed vaguely familiar: OPEC meeting, oil output curtailed, prices rising. But if you are having haunting visions of long lines and $2.50-per-gal. gasoline, relax. When representatives of oil-producing countries meet in Vienna this week, they will try to avert the disaster that was arising because prices have been collapsing. Asia's stalled economies and a very warm winter have cut oil consumption way below what was projected for 1998. Result: a 50% plunge in oil prices from early 1997, to $13.31 per bbl. And with storage tanks brimming, the price looked poised...
...remarkably placid start, to be sure. According to Sinai, the output of American goods and services will rise a lackluster 2.6% in 1998, with consumer prices going up a tiny 1.4%. Corporate profits will increase a hair less than 6.5% (vs. 10% last year). Unemployment will rise to 5% by year-end, while interest rates will drop to just under 5.5% on 30-year Treasury bonds. In sum, says Sinai, the economy will be "downshifting from great times to good times." Not surprisingly, the 1997 combination of output's leaping almost 4% while unemployment shriveled to a 24-year...
...severe recession and roiling global financial markets, says Brusca, "you could have a real horror story." But in what TIME's board hopes is the more likely scenario, the Asian economies will bottom out close to where they are now, and the result will then be to reduce U.S. output growth as much as three-quarters of a percentage point...
OPEC, the international oil-producing cartel, is fighting for its life amid tumbling oil prices and members' cheating on their quotas. That, says TIME business writer Bernard Baumohl, is the reason Saudi Arabia yesterday secured an agreement from Venezuela and Mexico cut oil output -- a deal quickly emulated by Kuwait, Iran and the United Arab Emirates...