Translation of "Gesamtwirtschaftliche produktion" in English

During the second quarter of 2001 German overall production stagnated.

By the time of the ruble crisis of August 1998, output had fallen by almost half and poverty had increased from 2% of the population to over 40%.

Member States should contribute through their budgetary policies to stabilising output around a higher and sustainable growth trend, by allowing the full and symmetric play of the automatic stabilisers over the cycle and, in line with the Commission communication of 27 November 2002, reinforcing the co-ordination of their budgetary policies.

The variables we look at include , just to name a few , aggregate output , private consumption , investment , fiscal policy , capital and labour market conditions , different price and cost indicators , the exchange rate , the global economy , the balance of payments and financial markets .

Following a further rise of some 10 % in the German mark's value against the US dollar and with economic activity suffering exceptionally from harsh winter weather, aggregate production contracted in the first quarter.

As output recovers in 2002 and 2003, productivity growth should return towards 2% in 2003.

Commission ser­vices' projections are that output in ASEAN­4 (Indone­sia, Malaysia, Philippines, and Thailand) will fall by 10 % in 1998 with virtually no growth in 1999.

If the private sector’s savings are higher that its investment, then the sum of investment and private consumption is too small to cover overall economic output.

Since external demand is expected to rise significantly over the forecasting period, exports will continue to provide clear stimuli for overall economic production.

Overall economic output had boomed throughout the winter of 2009/10, but it slowed down again in the summer months as the fiscal stimulus packages and stock cycle gradually ended.

For instance, the Research Institutes in their spring report expect overall output over the rest of the year to expand appreciably more slowly than at the start of the year.

All in all, it is to be expected that overall economic production in the countries considered here will increase at a rate of 2.7% (weighted by exchange rate) in 2019 and 2020, which is significantly slower than in 2018.

Overall economic production in the countries covered by this report is expected to expand by 3.3% in 2018, followed by 3.0% in 2019 and 2.9% in 2020.

In Germany, aggregate output stagnated in the final quarter of 2018, following a decline by 0.2% in the previous quarter.

Looking forward, production will continue expanding, but in the final quarter of 2016 it will do so at a markedly lower speed.

Although the recovery will firm next year and domestic demand will rise slightly, economic growth in Germany will continue to lack dynamism.

The so-called fiscal multipliers measure effects, which have certain public financial impulses on output.

As demand for domestically produced goods drops, aggregate domestic output contracts as well.

Stagflation is the term used to describe an economic situation in which overall production sinks while at the same time the price level rises.

In nearly every country, the service sector has gained considerable importance in terms of both macroeconomic output and employment.

The stimulus from fiscal policy gets smaller as well. Production will expand approximately as fast as the potential output of the German economy, hence with an annual rate of about 1.5%, and capacity utilization will be about normal.

Potential output is understood to mean the highest possible level of economic output that can be achieved with a given level of technology using the available production factors of labour and capital at normal capacity.

To put it differently, inflationary pressures can result if there are changes (economists often speak of “shocks” if there are unexpected changes in economic developments) which lead consumers to increase their expenditure or firms to reduce their production.The first instance, where demand increases, resulting in inflation, is often described as “demand-pull inflation” in the economic literature.