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Central-government receipts have risen by 5½% a year.Now it is poised to increase even faster.
But at the same time, per-capita consumption of food and other resources will increase even faster due to climate change and to overall increases in global wealth.
Most of the recovery in revenues, which the Treasury expects to rise by 1.4% of GDP between 2010-11 and 2013-14, will occur automatically as the economy starts growing at a brisk pace and tax receipts increase even faster.
Therefore, as more wind power is developed, the requirement for power transmission will increase even faster than before.
5.3% increase in 2012 -- and we're on track to increase even faster in 2013.
This suggests that atmospheric carbon dioxide levels may increase even faster than expected and accelerate global warming.
Similar(51)
Fees have increased even faster.
The probability of even more extreme events increases even faster.
The volume of trading in financial securities has increased even faster (see chart 1).
Wholesale sales of durable items increased even faster, rising 1.4percentt in December, and inventories of nondurable goods climbed 0.1percentt, led by petroleum, chemicals and groceries.
But, with the value of financial assets increasing even faster than real-estate prices, "wealth rose much more rapidly for the top of the distribution".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com