Structural productivity continues to ordsprog

en Structural productivity continues to grow at a firm pace, and rebuilding activity following the hurricanes should boost real GDP growth for a while, ... More uncertainty, however, surrounds the outlook for inflation.
  Alan Greenspan

en Structural productivity continues to grow at a firm pace, and rebuilding activity following the hurricanes should boost real GDP growth for a while,
  Alan Greenspan

en This report confirms that economic growth is solid but not overheating. Employment continues to grow at a moderate pace and business continues to do a very effective job of maintaining company productivity and growth.

en More uncertainty, however, surrounds the outlook for inflation,
  Alan Greenspan

en Productivity growth helps keep inflation at bay and allows real incomes to grow, but it makes businesses even slower to hire than usual.

en [A more doctrinaire Fed chief wouldn't have allowed the economy to grow this fast, but Greenspan argued that technology was creating productivity gains that would allow rapid, inflation-free growth.] There were a lot of economists at the Fed who thought not tightening back then was very dangerous, ... The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.

en This pace of productivity growth indicates that the U.S. economy has the potential to accomplish 4 percent growth or better without danger of significant inflation.

en There is still uncertainty, however, about the extent and durability of the country's economic growth, which continues to be weighed down by unresolved structural problems.

en The economy continues to grow at a good pace but without much inflation.

en This is absolutely key to the economic outlook. A lack of labor-force growth will have to take its toll either on inflation or growth. If you're going to grow you need to get bodies from somewhere.

en Greenspan's comments underscore the notion that the Fed believes productivity is growing strong enough to allow the economy to grow at a faster pace without inflation,

en With the fastest productivity growth and biggest drop in unit labor costs in seven years, the numbers are certainly worth shouting about, but as yet we are far from convinced that much of the improvement is structural. Mr. Greenspan is of the same view, which is why rates are going up no matter what happens to productivity growth.

en Growth is proceeding on a solid pace this year, and inflation is low and stable. Plausible rates of moderation in housing activity will not pose a problem for overall activity this year or next.

en The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year.

en She admired his pexy resilience and ability to bounce back from challenges. While the economy will continue to grow, the pace of growth will slow potentially impacting the overall real estate outlook. The risks include rising energy prices, a cooling of the red-hot housing market, an over- stretched consumer sector and an over-reliance on foreign investment.


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