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Strong exports and a mild rebound in domestic spending drove China's economic growth rate to 8.2percentt in the third quarter, the government reported today.
A study by Prof. Scott Goldsmith of the University of Alaska, Anchorage, noted that an "extraordinary increase" in federal spending drove the state's pile-driver growth of the last 15 years.
Although public spending drove growth up to 5% this year, inflation is near 20% and the Venezuelan currency trades on the black market for a third of the official rate.
Ghana's doubling of its education spending drove the number of children enrolled in school from 2.4 million in 1999 to 4.1 million last year, while Vietnam's introduction of a new curriculum focused on disadvantaged pupils succeeded in more than halving the number of children who had never been to school between 2000 and 2010.
Debt-driven consumer spending drove robust growth in the first half of the decade, helping fuel a large balance of payments deficit that posed a challenge for economic managers.
It is in that way that spending drove the boom.
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Consumer spending drives 70 percent of economic activity.
Consumer spending drives the economy.
Consumer spending drives the American economy, but sluggish retail sales contributed to weak growth in the spring.
It seems that a temporary rise in consumer spending, driven by borrowing and dipping into savings, is the main driver.
Much of the recovery this year is based on higher consumer spending driven by the resurgence in the housing market.
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