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Population growth continues to outpace rise in output.

Table 2. Developing Africa growth output, by subregion

Rapid output growth without equally rapid capital stock or employment growth must have reflected rapid productivity growth.

Monetarists insist that economies experience inflation when money supply growth persistently exceeds output growth.

Moreover, output growth in the United States was not economically sustainable.

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

Table 1 Growth of world output, 2000 2006 (Annual percentage change)

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

The growth of world output in 1994 would be lower than the average growth rate in the 1980s.

That encouraged investment spending, which in turn drove productivity gains and output growth.

Table 2 Frequency of high and low growth of per capita output, 2002 2004

Only 11 of its China beating nominal GDP growth between 2003 and 2011 was due to growth in real (inflation adjusted) output.

After that, however, the Soviet growth rate and share of global output began a long decline.

The resulting rise in output per worker, together with slow wage growth, reduced unit labor costs.

The slow growth in regional output has been caused largely by the worsening recession in Brazil.

11. The growth in total output was a fairly general phenomenon, although there were wide divergences.

Monetarists insist that economies experience inflation when money supply growth persistently exceeds output growth. That has not happened yet, so inflation has been postponed.

Growth in real output has averaged around 5 percent in the past seven years, but rapid population growth has offset much of this increase.

Average output growth in the industrialized countries in 1992, still a low 1.5 per cent, improved over the 0.7 per cent growth in 1991.

For the period 1990 1993 the growth of output averaged about 3 per cent, and a similar rate of growth is expected for 1994.

Also driving China s high investment rate is the declining efficiency of investment capital, reflected in China s high incremental capital output ratio (annual investment divided by annual output growth).

But, again, the BRICs output growth amounts to creating the equivalent of another Italy every 12 months.

Unless their growth rates slow sharply, their contribution to world output will rise dramatically, and global growth will be stronger than worried Western analysts might appreciate.

The economy grew after 1982, achieving an annual average output growth of more than 3 between 1983 1985.

29. The growth of world trade slowed down along with that of world output in the early 1990s.

Output specification when the underlying utility writes output data to its standard output.

Even with the success of the bailouts, countries suffered massive output losses due to recessions and sustained subpar growth.

Those focused on emerging markets are emphasizing accelerating growth, with some forecasts projecting a 5 increase in world output.

With a return to output growth, the recession defined as two consecutive quarters of economic contraction is officially over.

Even if it manages a soft landing, annual output growth will slow to 5 6 in the coming decades.

The work on services prices and volumes is fundamental to achieving better measures of real services output and growth.

The growth of these economies taken as a whole averaged only 3 per cent, or barely above the rate of growth of population and half the rate of growth of output in the 1970s.

Structural problems must be addressed, and employment growth must be generated from increased investment and output growth, taking advantage of the enormous job creating potential of small enterprises.

Productivity growth is not about working longer it is about generating more output per unit of labor input. Any undercounting of output pales in comparison with the IT assisted undercounting of working hours.

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