Both samples show a negative relationship between government size and growth, though the reduction in growth as government becomes bigger is far more pronounced in Europe, particularly when government size exceeds 40 percent of GDP.
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Mr. Bernanke also reiterated the fact that neither he nor the members of the FOMC team are convinced of the efficacy of another round of full-blown QE asset purchases as regards the mandates of economic growth, reduction in unemployment, and maintenance of benign inflation conditions.
And as the CBO has said, and as outside economic organizations have said, we'll see a contraction in the amount of GDP growth -- reduction in the amount of GDP growth by a full half of a percent or more.
"Competitive austerity blind to the need to secure growth will secure neither deficit reduction nor economic growth that improves living standards, " he warned.
Every year there has been a major reduction in economic growth, it is followed by a reduction in the US trade deficit.
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It also would extend unemployment benefits and "lay the groundwork" for economic growth and deficit reduction.
Some will say he didn't mention them because he cannot be sure of achieving either growth or deficit reduction in 2012.
The data show that restoring a strong and stable dollar through gold convertibility is the surest, simplest, recipe for economic growth and deficit reduction.
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The difficult reality for Mr Osborne is that the coalition has been struggling to deliver on the two goals that were right at the centre of its economic strategy: growth and deficit reduction.
The new GOP leadership team has a new generation of thought leaders formulating up-to-date prescriptions for doubling the growth rate from 2% to 4%, the prescription upon which both job growth and deficit reduction depend.
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Twenty years passed, until around 2005, when with the continued coffee shop growth, the reduction in size and cost of those office machines to more powerful mobile versions that could fit in our back pocket and, most importantly, widely available wifi, enabled us to unshackle ourselves from the desk and work wherever we wanted.
But that will change as the policy emphasis switches from deficit reduction to growth.
And that contributes -- as the veteran reporters from the 1990s here know, growth contributes to deficit reduction.
Lesotho has signed an Interim Poverty Reduction and Growth Facility with the IMF.
Increasingly, you have people like Laura Tyson writing columns calling for the need for a plan for faster growth, not deficit reduction.
Environmentally, Europe will become a "green" hero--because lower economic growth means a natural reduction in energy consumption and dreaded greenhouse gas emissions.
Indeed greater co-ordination is now required, if the Bank's plan for a comprehensive poverty reduction and growth strategy is to be adopted in individual countries.
She said that the choice between deficit reduction and growth was a false one and called on Europe to boost growth by structural reforms, not by spending more.
But what about the coalition's core objectives: economic growth and the "deficit reduction plan"?
They have projected fully a half a percentage point reduction in GDP growth.
We also see prospects of further reduction in sales growth in China due to governmental regulations limiting license plate registrations.
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Imagine the negative impact that NCDs have on poverty reduction and economic growth in countries that can least afford it.
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Under more conservative estimates of the reduction in the growth rate of health care costs, the income gains are smaller, but still substantial.
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Clinton's two terms in office (1993-2001) were marked by strong numbers for gross domestic product (GDP) and employment growth and especially for deficit reduction.
They say that our focus on deficit reduction is damaging growth.
The same situation will inevitably cause a recession in the U.S., which will continue to cause a reduction in the growth rate of GDP in emerging markets.
Stung by criticism that the government lacked a strategy for boosting the economy, the British chancellor described his budget as pro-growth and made a further reduction to corporation tax.
Ecologists warn that the threat from deer to woodlands consist of a number of factors, including a reduction in the growth and density of saplings, bark damage and a change in the composition of under-storey vegetation.
Putting this together, those of us who believed that the reduction in revenue growth was, as management said, more of a delay than a loss of future growth are likely to be rewarded with strong stock performance this week.
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