294 research outputs found

    The Distribution of Soybean Production and Resources in China

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    Originating text in Chinese.Citation: Forecast Information Net For Chinese Agricultural Products. (2001). The Distribution of Soybean Production and Resources in China. Chinese Ministry of Agriculture: Beijing

    Modest Growth Amid Fiscal And Monetary Contraction

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    U.S. Macroeconomic Outlook The U.S. economy continues to grow at a steady, moderate pace. But, important changes underlie this growth. Federal discretionary spending is contracting while the private economy is growing and continuing its transformation and recovery. A transformation is occurring towards an economy with larger energy and technology sectors and growing manufacturing and agricultural exports. There is also a recovery in the housing sector. This recovery is driving growth in construction employment, household durable goods sales, the home improvement market, the real estate sector and the financial services sector. Steady employment growth and recent improvements in hourly wages also are supporting modest expansion in overall consumer spending. Further, nascent recovery in the European economy will encourage renewed growth in business investment over the next few years. Yet, a variety of public policy issues are holding back even faster private sector growth. Bond purchases by the Federal Reserve Bank will be curtailed late this year as the federal government completes fiscal contraction via its Sequester budget cuts. Declining bond purchases will replace the current fiscal drag with a monetary drag on growth. Both efforts are required for long-term macroeconomic stability and investor confidence but will provide a modest drag on current growth. Construction and Mining Employment Manufacturing Transportation and Utilities Information Wholesale Trade Financial Services Retail Trade Services Personal Income Government Nonfarm Personal Income Farm Income Net Taxable Retail Sales Our Thanks

    Strong Economic Growth Will Continue for the Next Two Years

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    The year-end analysis shows the state\u27s economy growing rapidly with prospects for continued growth over the next two years. Total nonfarm employment will grow 2.2 percent in 1997 and just under that rate in 1998 and 1999 (Figure 1 and Table 1). Total nonfarm personal income will grow 6.3 percent in both 1997 and 1998, and 6.2 percent in 1999. Despite snow in the middle of the harvest season in parts of eastern Nebraska, net farm income will reach 2.3billionin1997,justunder2.3 billion in 1997, just under 2.5 billion in 1998, and $2.5 billion in 1999. Total net taxable retail sales will grow 5.4 percent in 1997, 5.3 percent in 1998, and 5.6 percent in 1999. Both the sales and income forecasts rely on a slight uptick in inflation in 1999. Nonfarm Employment Nonfarm Personal Income Farm Income Net Taxable Retail Sale

    Nebraska Responds to the National Economic Recovery

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    Evidence mounts that the nation has already begun its recovery from one of the mildest recessions on record. The first quarter GDP estimates report a spectacular gain. Not all signals are that clear. The recession itself has been labeled a manufacturing recession. Manufactu ring output fell longer and farther than it had in the 1990-1991 recession. The impact of the recent manufacturing recession was spotty. Even within manufacturing, some sectors were hit hard, generally those in the durables area. Others, generally in the nondurables portion, remained unaffected. The services sector held up well with only a small decrease in total activity; however, the impact of the downturn was spotty within the sector, as well. Services related to travel were hard hit, while health care services were virtually unscathed. Difficulties in internet-based businesses negatively impacted the business services area. Nebraska weathered the national recession well. As a whole, the state did not experience a downturn, but did see a decrease in overall economic growth rates. Total nonfarm employment in 2001 remained at the 2000 level. Nonfarm personal income grew 3.4 percent and net taxable retail sales increased 2.9 percent-small increases overthe inflation rate as measured by the U.S. Consumer Price Index (CPI). Net farm income increased 21 percent over a dreary performance in 2000, adding to Nebraska\u27s economic stability. Employment Construction and Mining Transportation, Communication, and Utilities (TCU) Retail Trade Wholesale Trade Services Government Farm Income Net Taxable Retail Sale

    Commodity Prices Limit Nebraska Growth

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    Over the last few years the service sector has been the primary engine of economic growth in the United States. Supported by growth in employment and real wages, the service sector has grown steadily with increases in retail trade, business services, personal services and construction activity. Growth has been limited, however, in the industrial sector, given weakness in the energy industry, poor demand for business investment and weak overseas economies. The net result has been moderate economic growth. Several fundamental issues continue to support an outlook for moderate economic growth. First, the pace of job growth will slow given the ongoing retirement of “baby boom” generation workers, and as the reserve of underutilized workers continues to shrink. Slower job growth will limit growth in consumer income and spending. Second, there will be slow growth in demand from overseas. Most developed economies face the same demographic challenges as the United States, while many developing countries face a need for structural reforms. China, for example, must continue to reign in its excess spending on infrastructure and housing. Domestic public policy, however, may provide a change to the outlook. The incoming Trump Administration has shown an interest in tax reform and in reducing environmental, labor market and financial regulations. These policies are positives for economic growth. For example, tax reform and deregulation can stimulate business investment. At the same time, plans to cut taxes do not appear to be matched with plans for significant spending reductions, which can limit the effectiveness of the tax cuts. Plans to increase spending on infrastructure and the military, in particular, have an unknown influence on growth. Finally, policies to limit international trade and legal immigration, if implemented on a large scale, would be negative for economic growth. Overall, the planned policies are a mixed bag for the economy and the extent and manner with which each of these policies will be implemented is not yet known

    Strong Economic Growth Will Continue for the Next Two Years

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    The year-end analysis shows the state\u27s economy growing rapidly with prospects for continued growth over the next two years. Total nonfarm employment will grow 2.2 percent in 1997 and just under that rate in 1998 and 1999 (Figure 1 and Table 1). Total nonfarm personal income will grow 6.3 percent in both 1997 and 1998, and 6.2 percent in 1999. Despite snow in the middle of the harvest season in parts of eastern Nebraska, net farm income will reach 2.3billionin1997,justunder2.3 billion in 1997, just under 2.5 billion in 1998, and $2.5 billion in 1999. Total net taxable retail sales will grow 5.4 percent in 1997, 5.3 percent in 1998, and 5.6 percent in 1999. Both the sales and income forecasts rely on a slight uptick in inflation in 1999. Nonfarm Employment Nonfarm Personal Income Farm Income Net Taxable Retail Sale

    Powering Through the Global Slowdown

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    The divergence between the goods and service sector continues within U.S. economy. Goods producing industries such as manufacturing and mining continue to struggle in the face of a sharply higher U.S. dollar and low oil prices. At the same time, the consumer-driven service sector is growing at a solid pace, aided by rising employment, rising home prices, low interest rates and low gasoline prices. The net effect is moderate growth in the overall U.S. economy. While weakness in manufacturing has potential to spread to the service sector, the more likely scenario is that the two sectors will continue to move in opposite directions during much of 2016. Weak economies in Asia and Europe will continue to promote a high U.S. dollar, limit growth in U.S. exports, and maintain weak commodity prices, all of which will yield continued stagnation in the manufacturing and mining industries. Yet, the service sector of the economy will continue to benefit from job growth, higher housing prices, low interest rates, and low energy prices

    A Sturdy Economic Expansion

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    The U.S. economy has been impacted in early 2015 by two significant shocks: 1) a sharp increase in the value of the U.S. dollar and 2) a drop in new development in the oil and gas industry, which has led to a drop in mining and related employment. These shocks have restricted economic growth in early 2015, in spite of the ongoing, self-sustaining U.S. economic recovery. This economic recovery, however, will ultimately absorb these shocks and continue, gaining pace in the second half of 2015. The recovery is fueled by steadily improving consumer spending, business investment and housing activity. The decline in gasoline prices over the last year is one factor which will support faster growth in consumer spending. The recovery also should benefit from stabilization in the value of the U.S. dollar, after a significant increase in late 2014 and early 2015. Modest improvement in the European economy, particularly in Germany and other northern European countries, also should support the reacceleration of the U.S. economy. Finally, economic growth may be aided in 2016, the next Presidential election year, due to growth in federal government spending
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