This has translated, in practical terms, to the idea of a sustainable growth rate.
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For years, Congress and Presidents from both parties have acted to stop pay cuts for doctors called for by the Sustainable Growth Rate.
Morgan points out, these supply-side reforms do not seem to have lifted the economy's sustainable growth rate, to allow faster growth before inflation takes off.
The physician community had hoped that a deal would have brought resolution to the Medicare payment reductions doctors face each and every year as a result of the sustainable growth rate (SGR) formula.
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Goldman Sachs's calculations suggest that, to reduce growth from 4% to 3%, (an optimistic estimate of America's new sustainable growth rate) the financial conditions index would need to increase by 1.25 percentage points.
The pay cut was called for under an old formula called the Sustainable Growth Rate (SGR) that governs how much doctors are paid to treat seniors on Medicare and military families enrolled in the TRICARE program.
The reductions are the result of the now infamous sustainable growth rate (SGR) formula that, if not delayed once again, will result in physicians taking a 27 percent cut in the reimbursement rate they receive from Medicare.
Finance Secretary John Swinney said the SNP government had made increasing Scotland's sustainable economic growth rate with opportunities for all to flourish the purpose to which its activity was directed.
To put 4% into perspective, consider that the CBO is now projecting that the sustainable GDP growth rate for the second half of this decade will be only around 2% a year.
Fitch upgraded Brazil on Monday primarily on its assessment that sustainable potential growth rate of the Brazilian economy has increased to 4%-5% over the long term, the company said in a press release.
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Without reform, the sustainable rate of growth is no more than 4% a year, many economists say.
But Mr Greenspan, who believes that new technology has raised America's sustainable rate of growth, has seen no need.
If they are, and America's sustainable long-term rate of growth has increased by a full percentage point or more, the outlook for everybody is doubly fine.
The slowdown may return India to about 8% growth, possibly a more sustainable rate.
It will now be even harder for the Fed to engineer a soft landing, with growth slowing smoothly to a sustainable rate.
By now, everybody knows that up until February 22nd, the stock market had been a one-way street based on the concept that U.S. economy had finally reached a growth rate that appeared to be sustainable.
Two factors boosting earnings growth that are not sustainable indefinitely are a declining tax rate (over the past two years) and a lower provision for doubtful accounts despite higher writeoffs.
The betting among economists is that stimulative policy will bring the Chinese GDP growth rate back up to nine percent, its sustainable level.
Economic growth in the United States has slowed in recent quarters, reflecting in part the economy's transition from the rapid rate of expansion experienced over the preceding years to a more sustainable pace of growth.
Fiscally-responsible health insurance reform that does not add a dime to our deficits and that reduces the rate of health care cost growth will help put our nation on a more sustainable, long-term trajectory.
Research chief Michael Mussa told a press conference that further interest rate rises were likely to be needed in the US to slow economic growth to a sustainable level.
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