Africa s Inclusive Growth Potential

They are wrong, however, about Europe s prospects for achieving its restricted growth potential.

So the growth potential is correspondingly larger.

The expansion of renewable energy production also holds great potential for boosting economic growth.

The software industry has been hailed as a potential engine for Egypt s economic growth.

But the potential for explosive growth has usually been seen only in the manufacturing sector.

That growth model has now almost exhausted its potential.

Russia s economy is now hostage to potential global growth.

These gaps are problematic, but, as Lewis emphasized, they also constitute a potential engine for economic growth.

Unit labor costs have risen, and potential output growth has fallen.

By the end of his tenure, the rate was down to 1.5 , restoring the country s potential for growth.

These will be created when the volume of operations is low, but potential for portfolio growth is high.

Most local forecasters now put Brazil s growth rates well below potential output.

After all, advanced countries account for about two thirds of global GDP, so slow growth in these countries will inevitably impede global growth and truncate the growth potential of much of the developing world.

Not anymore. Although growth may exceed the Commission s forecast, there are reasons to be concerned about the eurozone s growth potential.

With economic growth continuing, the potential risk posed by this debt will diminish.

This is the kind of global environment that diminishes every country s potential growth.

Continued progress in these areas will increase the region's resilience and growth potential.

Targets for local private sector fund raising in potential high growth country offices have been set and will be monitored.

We recognize the potential of South South cooperation in promoting economic growth and development.

Ethiopia s development potential is closely tied to seasonal rains, so high rainfall variation, together with lack of infrastructure, has undermined growth and perpetuated poverty. A single drought can cut growth potential by 10 over an extended period.

Crises are typically associated with a drop not only in actual growth, but also in a country s growth potential, owing to deferred investment.

So here, too, the logic points to a vicious circle Slower growth leads to artificial remedies and further erosion of long term growth potential.

A New Growth Path for Europe shows how investing in energy efficiency and clean energy has the same potential to revitalize Europe today.

The challenge, then, for all economies seeking to maximize their growth potential is to find the right mix of managerial and entrepreneurial capitalism.

All projections for 2007 show an even higher potential for economic growth with all estimates over 3.0 and hampered only by urban crime and public policies.

But weak regional linkages limit small firms growth potential, forcing them to depend on state patronage.

Most emerging economies may be returning to growth, but they are performing well below their potential.

That growth of the labor force will raise potential GDP by only about 0.5 per year.

Given entrepreneurship s potential to drive innovation and GDP growth, supporting such efforts is in everyone s interest.

Structural reforms are also necessary in most European economies to bolster competitiveness and boost potential growth.

Since Abenomics was launched, the deflation gap (the difference between actual and potential output) has dropped from roughly three percentage points to below 1.5. This implies that, while the first two arrows are helping to improve Japan s actual growth path, the third arrow has yet to do much for potential growth.

Their growth potential need not be severely affected as long as the implications of this new world for domestic and international policies are understood.

In paragraph 88, the Board recommended that UNICEF set and monitor targets for local private sector fund raising in potential high growth country offices.

China s long term growth potential and that of the rest of developing Asia is not pre defined.

In this sense, China has a rare opportunity to expand its growth potential by stimulating domestic demand.

Because the country s latecomer status explains its 33 years of rapid economic growth, the key to understanding its potential for further rapid growth in the future lies in estimating how large those advantages still are.

The Fund for Research into Development, Growth and Equity has been established to evaluate the potential impact of response measures on the South African economy.

The gap between actual and potential GDP is thus a gauge of an economy s spare capacity. The distinction is also useful for policy purposes weak potential growth cannot be addressed by demand side initiatives supply side measures are needed.

But that requires abandoning an anti growth mentality and using our enormous potential to create a brighter future.

Accordingly, on past performance, the steel sector would seem to hold interest for developing countries as one component in a mix of exports with growth potential.

But this year s 7 growth rate, which puts Brazil nearly on par with China and India, cannot be sustained, as it exceeds potential growth by a wide margin.

Farther to the west, US economic performance is weakening, with first quarter growth a miserly 1.9 well below potential.

In the meantime, persistent high unemployment reduces the economy s growth potential by robbing today s workers of skills and experience.

India s favorable demographic profile can add significantly to its economic growth potential for the next three decades, provided that its young people are educated and trained properly.