Unfortunately, the outlook for America’s potential growth rate was darkening long before the financial crisis hit. The IT-induced productivity revolution, which sent potential output soaring at the end of the 1990s, has waned. More important, America’s labour supply is growing more slowly as the population ages, the share of women working has levelled off and [...]
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Your world at risk. How the impossible becomes the inevitable.
How much will the financial crisis hurt America’s economic potential?
Posted by Matt in May 14th, 2009 | no comment
Published in Economy, U.S., 1990s, Congressional Budget Office, Economic Outlook, Financial Crisis, Global Financial Crisis, Labour Supply, Map, Next Decade, Pace, Population Ages, Productivity, Wall Street
Oil to hit $400 a barrel by 2018
Posted by Matt in June 5th, 2008 | 1 comment
Published in China, Oil, 1990s, Admiral, Caucasus, China, Chinese Economy, Countries, Energy Efficiency, Energy Prices, Gdp, High Quality, India, Nationalisation, Oil Fields, Oil Prices, Productivity, Quality Infrastructure, Russia, Three Times, Venezuela, World Gdp
“The big story is productivity in China,” he asserts, noting it is an incredible 9%, or three times the level of productivity in the US during its 1990s peak. Admiral Owens attributes this to the country’s high-quality infrastructure. It will allow the Chinese economy to soon become the second-largest in the world, with a GDP [...]
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