As populations shrink, GDP growth will slow.
Singapore and Taiwan have both seen two quarters of shrinking GDP.
Even the Treasury itself wants to emphasise that all this talk of shrinking GDP and rising prices is by no means a forecast.
July 11 , 2012Sony Kapoor (@SonyKapoor) #Fiscal tightening efforts announced by #Spain 2 day will shrink #GDP increase unemployment & increase size of #bank losses massively!
The euro zone's third-largest economy is still shrinking (GDP per head is smaller than when the euro began in 1999), and unemployment is rising.
Mr Erdogan's claims that the global meltdown had not affected Turkey angered voters, who face rising unemployment (13.6% in December), shrinking GDP and a tumbling lira.
Sergio Marxuach, an economist, estimates that the tax increases will shrink GDP so much that half their fiscal benefits will be negated.
The gap in living standards has shrunk: GDP per person in the east has risen from 40% of west German levels in 1991 to nearly 70% in 2008.
"If you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5percentt," Romney said.
He said there were a range of possible scenarios for the economy in the event of Brexit and these "could possibly include a technical recession" – defined as two consecutive quarters of shrinking GDP.
Not since Mr Putin came to power have high inflation and shrinking GDP caused such a fall in real incomes (see article).In this section Detroitosaurus wrecks Where will it end?
