High salaries drove growth but reduced earnings.

The answer depends on two key variables the discount rate and future earnings growth.

The growth rate will be lower if earnings are used to buy back shares.

Both countries have experienced strong growth recently.

Yet another reason for the correction is that valuations in stock markets are stretched price earnings ratios are now high, while growth in earnings per share is slackening, and will be subject to further negative surprises as growth and inflation remain low.

The strong growth of the global economy in 2003 and 2004 was both reflected in and driven by strong growth in world trade.

Led by strong Chinese growth, emerging markets stabilized.

On the contrary, the real question is why the increase in stock prices has not outpaced growth in corporate earnings.

Also, because conflict may destroy growth opportunities, it may be seen as costlier when growth is strong.

Earnings gains have been especially strong for those with tertiary degrees, while the real wages of high school educated workers, especially men, have fallen sharply.

Family earnings

With a low growth ceiling, strong economic performance generates inflationary pressures at a relatively early stage in the growth process.

Portfolio growth was strong in post conflict transition countries, while among clients, international financial institutions represented the strongest growth trend.

Indeed, Giannetti and Simonov discovered that the average income of entrepreneurs was lower in high entrepreneurship municipalities than in the low entrepreneurship ones. Similarly, studies from other countries show that entrepreneurs often have lower initial earnings and earnings growth than they would have as employees.

Growth has been strong, inflation is under control, and international reserves have increased steadily.

The need for growth is as strong today as it was 15 years ago.

Thus, India s high growth rates will have to remain dependent on strong domestic demand.

This was due to strong services import growth in Europe, Australia and New Zealand.

The global Internet population (over 712 million in 2003) continues to experience strong growth.

But what has been overlooked is that the effect of services growth on aggregate economic growth appears to be as strong, if not stronger, than the effect of manufacturing growth on overall growth.

In order to maintain strong economic growth in America, we need a strong, growing Asia, just as Asia s success depends on a thriving US.

That said, some trends may be having the opposite effect on expectations for earnings growth. More than two fifths of the S amp P 500 s earnings come from external markets, some of which, like Europe and Japan, are barely growing, while others, like China, are slowing.

Recovery was rapid and strong, with real GDP growth averaging nearly 9 in 2010 2011.

Wages have stagnated despite strong productivity growth, while the trade deficit has set new records.

In short, strong growth tests economic institutions capacity to cope, and India s were found lacking.

Five year real earnings growth on the S P 500 set an all time record in the period ending in the first quarter of 2007, at 192 .

Indeed, one of the big puzzles of the US stock market recently has been low price volatility since around 2004, amid the most volatile earnings growth ever seen.

Its financial markets high quality must be an important reason for America s relatively strong economic growth.

There is a strong positive relationship across all developing countries between currency undervaluation and economic growth.

Countries are experiencing strong growth, inflation is low, and the threat of crisis has receded considerably.

In China, for example, rapid economic growth after the late 1970s was associated with a significant rise in inequality. Roughly half of the increase was the result of urban rural earnings gaps, which also acted as the engine of growth.

In general, growth was broadly based, supported by robust export growth and higher commodity prices as well as strong domestic demand driven by low interest rates.

Another reason that China s strong growth is likely to continue is that its economic fundamentals are sound.

The growth of Khamenei s personal, extra constitutional power introduces a strong element of uncertainty into Iran s future.

They know that relatively calm markets do not mean that strong economic growth is around the corner.

This policy stimulus led to strong growth, in both consumption and investment, and economic activity recovered quickly.

Economic growth is necessary, but not sufficient a strong sense of social responsibility is needed as well.

Recent growth has been stimulated by strong activity in the construction sector and an improvement in tourism.

The global economy demonstrated strong growth in 2004, due in part to the performance of developing countries, which experienced the highest growth rates in over 30 years.

Rapacious recruiters fleece them of their earnings.

My view is that strong policies on the African side, with strong support from the international community, offer the best prospects for sustained growth and poverty reduction in Africa.

But nobody forecasts strong growth like that now, because recoveries from financial crises are usually slow and painful.

In this case, it is entirely possible to have very low interest rates co exist with strong growth.

In fact, the existing shadow banking risks are manageable, given relatively robust GDP growth and strong macroeconomic fundamentals.

All of Uribe s political program is buttressed by his strong economic track record of consistent 5 annual growth.