From an economic growth point of view, this is a very bad thing.
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"In the United States and Japan, the CLIs continue to point to economic growth firming, " the OECD said.
The audit a praiseworthy attempt to get to grips with the nuts and bolts of future economic growth makes another point too.
And, cutting Social Security and Medicare as Washington plans to do will not raise economic growth by a single basis point.
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Mill making the point that economic growth itself is money demand.
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Wall Street is betting that the cuts, which the Congressional Budget Office estimates will take 0.6 of a percentage point of economic growth this year and cost 750, 000 jobs, won't be enough to derail the recovery.
Blomberg and colleagues used a database of 12, 164 world-wide terrorism incidents between 1968 and 2001 to compute the macroeconomic effect of such acts, and found that on average they are linked to a decline in a country's economic growth of half a percentage point.
Roberto Newell, director general of the Mexican Institute of Competitiveness, estimates this could add an additional percentage point of annual economic growth.
Mr. Bernanke cited Congressional Budget Office estimates that the cuts would reduce economic growth by 0.6 percentage point this year, which would cost the economy 750, 000 jobs this year.
"This serves as a big reality check for folks that were thinking that economic growth had ratcheted up to the point where the Federal Reserve didn't need to worry so much, " said Mark Vitner, economist at Wells Fargo Securities.
So, if all that happened was that the tax savings of 2.0 percentage points of GDP and some of the savings in tax compliance costs got reinvested, eliminating the corporate income tax would increase U.S. economic growth by 1.0 percentage point.
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But what I do want to point out is that, past a certain point, acheiving steady economic growth is really, really hard.
Economic growth from simply using more resources though will, at some point, bump up against those ecological barriers to growth that we keep hearing about.
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At some point, we still believe economic growth globally should start to accelerate in impressive fashion.
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But I predict the African economic growth story will continue to be a talking point.
Obama will probably point out Tuesday night that economic growth is the essential X Factor to reducing long-term deficits and debt.
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And the Treasury estimates that the economic growth rate has been boosted by a quarter-point because of immigration.
The energy industry was also quick to point out that much of our economic growth can be directly tied to the rise in domestic energy production.
The ECB had announced it was leaving euro zone interest rates on hold, but, in a subsequent press conference, Trichet appeared to have softened his stance on inflation to point to the risks of slowing economic growth.
Mr Koehler's comments follow the release of the IMF's World Economic Outlook, which predicted that global economic growth in 2001 would be a full-percentage point lower than originally forecast - at about 3.2%, and well below last year's 4.8% growth rate.
Deleting these antitrade, anticonsumer restrictions will probably add another point or two to Germany's economic growth rates.
Of course, if Congress does not extend the payroll tax cut and unemployment insurance, economic growth could be cut by as much as 1 percentage point.
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But Bush held office for eight years, and economic growth over that time averaged only 2%, a point and a half lower than the post-World War II average.
Reinhart and Kenneth S. Rogoff concluded that when countries carry debt of more than 90% of GDP for five or more consecutive years, economic growth gets chopped down by more than a whole percentage point each year for decades.
"The three-point rise in VAT in January has dampened economic growth, but it hasn't proved to be catastrophic, " he said.
Overall, since America abandoned the firm link to gold of Bretton Woods, real economic growth (1972-2010) has been a full percentage point lower than during the Bretton Woods era (1948-1971).
When Americans enjoyed economic growth in the 1950s and 1960s, liberals were able to point to the New Deal and subsequent federal programs as powerful evidence that government intervention can benefit the nation.
Economists here point to the fact that much of the economic growth has been spurred by domestic investment by the government, or government linked companies such as Petronas - a powerhouse of the Malaysian economy.
While there are a variety of methods and data sources, the results consistently point to significant negative effects of taxes on economic growth even after controlling for various other factors such as government spending, business cycle conditions, and monetary policy.
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And both private sector as well as public sector economists are estimating that we could lose as much as six-tenths of a point, maybe a little bit more, of economic growth.
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