Word: output
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...stimulus package - equivalent to about 5.5% of total GDP (2.0% for 2009) - while the supposedly interventionist E.U. has struggled to scratch together programs worth 0.9% of its total GDP. The E.U.'s reticence is partly due to fears that piling up debts and deficits to fight the collapse in output and jobs could destabilize the euro zone. It also reflects Europe's confidence that its economies are more resilient to the banking and housing collapses that have hit the U.S., while its stronger social safety net can soften the political impact of rising unemployment...
...economic forecasts circulated by the Federal Reserve. “I would guess that the risk of the US having a Japan-style lost decade, where the economy goes in and out of recession for years on end, is more likely than the risk of a catastrophic double-digit output collapse,” Rogoff wrote. Rogoff also expressed the need for a speedy response by the Obama administration if the economic situation is to be rescued. “The longer the Obama administration dithers over a decisiveand comprehensive fix to the banking system, the greater the risks...
...could have imagined that Japan, the second largest economy in the world, would contract at a rate of nearly 13% on an annualized basis or that Korea's economic output could drop 20%. In the U.S., the GDP is shrinking at a rate of 6% now, but there is nothing in the economic or employment news that keeps us from believing that America will avoid a double-digit drop in GDP If the U.S. skids at that rate, the other large economies in the world, all of which depend on the American consumer to some great degree, will have...
...mere fact HSBC turned a profit despite its troubles was a small ray of light amid an otherwise bleak outlook. New figures covering January showed industrial output falling more than anticipated in the eurozone; joblessness rose from 8.1% in December to 8.2% in January, nearly a full percentage point higher than the same month last year. (Find out 10 things to do with your money...
...back just a month later with “The Planets are Blasted,” the second album by his band Boston Spaceships.Pollard’s habit of writing and releasing songs in such a rapid manner could easily lead one to expect the quality of his output to suffer, as the value of each song is cheapened by the sheer volume that the man spits out. What is so shocking about “The Planets are Blasted,” then, is not just that the songs are almost universally good but that the album feels...