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One of the fastest-growing segments, IDC said, has been high-performance computers, with spending growing 107percentt between 1998 and 1999 and then another 165percentt in 2000.
The results outstripped all expectations, with international tourist arrivals increasing by 185% and spending growing by 503%.
"In particular, emerging market economies remain relatively robust, with infrastructure spending growing and demand for energy, minerals and steel rising accordingly.
One situation described by the Altarum Institute imagines tax revenue at about 19 percent of economic output and health care spending growing about as fast as economic output did.
Like many others, the city has struggled to find an answer to the long-term problem of spending growing faster than income, caused largely by pension and health-care costs.
Even in Chile, which saves most of the windfall, fiscal policy is expansionary, with public spending growing at double the speed of the economy.The test will be whether or not inflation is heading down by the end of this year.
Similar(36)
Public spending grew 0.8 percent.
Corporate capital spending grew 2.9percentt.
US per-capita health spending grew 2.7 times, while UK per capita spending grew 3.3 times.
Government spending grew by 20% year on year in January.
Capital spending grew 4.3percenttoto meet growing export demand.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com