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Confronted by the lack of independent fiscal levers at the mayor's disposal, Mr Livingstone saw economic growth as a way of achieving redistribution by other means.
Boosted by capital inflows, by record prices for commodity exports, by sound policies and by a heady expansion in domestic credit, the region saw economic growth of 6% last year and is on course to notch up close to 5% this year.This week brought a jolt to such complacency.
In the 12th and 13th centuries, Europe saw economic growth and innovations in methods of production.
Twenty-one nations, including the United States, Germany, and France, saw economic growth since 2000, while managing to curb greenhouse gas (GHG) emissions.
Last year was the first time that Spain saw economic growth since the country was pushed to the brink of financial collapse in 2008. .
Further evidence that development need not be inexorably linked to fossil fuels can be found in the International Energy Agency's recent announcement that 2014 saw economic growth without a growth in the rate of emissions.
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See economic growth, macroeconomics.
"The business community needs peace to see economic growth," she said.
This is the first time the troubled eurozone member has seen economic growth in 10 quarters.
MARCH 31, 2008 WALL STREET "We have seen economic growth over the last decade, but all that growth is concentrated on Wall Street instead of Main Street".
Think tank IFO's economist Klaus Wohlrabe said he sees economic growth of 0.2% in the first quarter and did not expect a recession in Germany.
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