For example, the Conference Board in the November 2012 Global Outlook (see chart below) forecasted an annualized growth rate of 2.3% in its base case for the years 2013-208 and a further reduced annualized growth rate projection of 2.0% in its base case for the years 2019-2025, representing a distribution of roughly 18% of overall World output.
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As is the case for base-metals producers, mining costs are rising, analysts said.
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Everything is joined by a unique, hand-cut case whose backbone and elevated base hide the custom wiring, the watercooling pump, two solid-state drives and controllers for both fans and lighting.
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Bottom line: If, consistent with our base-case expectation, the U.S. averts a recession, equities are inexpensive enough to provide investors with an attractive risk-reward profile.
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And in any case the ultra-low central-bank base rate will eventually have to rise, pushing up borrowing costs.
The elegant aluminium case includes non-slip strips on the base to ensure that it is always stable during operation.
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In one case a guard at an anti-riot forces base in the south of the capital spotted a suspect, ran up and wrapped himself around the attacker.
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In fact, this process is comparable to the use of fertilizers in agriculture, i.e. adding nutrients that are found to be lacking in the local environment to stimulate plant growth, in this case phytoplanckton that form the base of the marine food-chain.
In any case, unlike South-East Asia it is no longer a base for manufacturing, which accounts for a mere 12% of the economy, but is increasingly reliant on service exports, which are much less sensitive to exchange rates.
Their base case is that China GDP will grow by about 8 percent in 2012-14, but concluded that these six reasons were sufficiently compelling to assign a one-in-three likelihood of a hard landing before 2015.
The adverse scenario for card losses envisaged in American banks' stress tests, a cumulative two-year loss rate of 22.5%, looks increasingly like the base case to others.
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