The strong growth of the global economy in 2003 and 2004 was both reflected in and driven by strong growth in world trade.

Portfolio growth was strong in post conflict transition countries, while among clients, international financial institutions represented the strongest growth trend.

Exports of commodities, such as energy and base metals, have also increased strongly.

Trade in frozen fish strongly increased in the 1980s and accounts for 40 per cent of the total fish trade.

By contrast, East and South Asia enjoyed robust growth, in some countries faster than the 1970s.

25. According to official sources, Bermuda s economic growth measured by GDP has been robust.

The global economy demonstrated strong growth in 2004, due in part to the performance of developing countries, which experienced the highest growth rates in over 30 years.

While the economies of Latin America and the Caribbean have continued this pattern of strong trade growth, Asian export growth slowed.

The macroeconomic structure of those economies has not changed greatly, and the dynamic increase in productivity has yet to make a marked contribution to economic growth.

Some of the increase in net transfers reflected strong growth in export revenues that had led to current account surpluses in some countries.

Owing to strong GDP growth, the debt to GDP ratio decreased from 100.2 per cent to 95.1 per cent.

(a) The transition process lasts through 2007, with relatively strong growth in operations management portfolios in 2006 (16 per cent), followed by a more conservative growth rate (8 per cent per annum) thereafter.

Due to strong job growth, this trend continued through 2003 and 2004 with year over year declines of 7.9 percent and 7.0 percent respectively.

Developing countries stand to gain from exchanging experience and know how, which encompass new sources of dynamic growth.

Relying on those numbers, the Governor stated that that represented the strongest period of growth for this critical benchmark in a decade .33

Portfolio flows and foreign direct investment (FDI) posted the strongest growth, accounting for more than two thirds of total private inflows.

Although the proportion of enterprises with broadband access increases with the size of the enterprise, recent growth in adoption has been stronger among SMEs.

In sum, because India s existing economic institutions could not cope with strong growth, its political checks and balances started kicking in to prevent further damage, and growth slowed.

In general, growth was broadly based, supported by robust export growth and higher commodity prices as well as strong domestic demand driven by low interest rates.

So, has Georgia s development model been conducive to dynamic and inclusive growth, that is, growth that leads to productive investment, innovative practices, and widespread job creation?

The Canadian economy grew 2.8 percent in 2004, up from two percent in 2003, as robust growth in domestic consumers' incomes allowed them to increase their purchases of Canadian goods.

According to preliminary reports, annual investment growth in 2012 reached roughly 14 significantly higher than the GDP growth rate, which accelerated in the fourth quarter as a result of a strong rebound in investment in real estate and infrastructure. In 2013, it can be expected that, barring major disruptions, strong investment growth will push China s GDP more than 8 higher year on year.

Data for 2004 indicate that North and Central Asia enjoyed another year of buoyant growth, although marginally slower than the pace attained in 2003.

Most of the equity in the sector is local, and strong growth in this area points to the possibility of exporting to the region.

The outlook for real economic growth in 2005 remains strong with a preliminary 2005 forecast of 5 per cent (excluding Iraq and Palestine).

15. The national currency has stabilized, depreciating by 1.5 per cent against the United States dollar in 1997, which resulted in a real appreciation of 3 per cent. Credit growth has been strong.

The Regional Action Plan considers ICTs as a driving force in cross sectoral programmes for promoting a sustainable and dynamic information society, contributing to poverty alleviation and robust economic growth and enhancing technological innovation and development.

24. The financial sector grew strongly in 1997, with increased numbers of registered banks and trust companies, mutual funds, insurance companies, ship registrations and other company registrations all increasing.

IMF growth forecasts released during the Davos meeting highlight the extent to which the world has become decoupled GDP growth in the advanced industrial countries is expected to be 1.4 this year, while developing countries continue to grow at a robust 5.5 annual rate.

Overall, their 2004 public debt situation improved owing to strong economic growth and the positive impact of regional and global interest rates.

Growth was broadly based in most countries, and manufacturing, in particular, benefited from the upturn in the electronics cycle and strong export demand.

After two decades of strong and consistently positive growth in the developing world, the 1980s began with a series of slowdowns and meltdowns (Ben David and Pappell, 1995).

The combination of high oil prices and production, low interest rates, ample liquidity in both public and private sectors and associated domestic demand expansion gave rise to strong growth.

The country had seen strong economic growth, largely because of the sale of petroleum products, and it was important that these gains be disseminated throughout the society.

A key concern is whether the growth of the legal economy will be sufficiently robust to attract demobilized soldiers into the legitimate labour market.

But many countries are still poor enough to be endowed with strong growth potential, and many others, though rich, have not yet recovered from the global financial crisis. So there must be something else holding growth back.

At the inter regional level, developing Asia still recorded relatively strong growth of exports to major developed country markets, although this growth was not as dynamic as in 1985 1990.

Inject new strong impetus

In June 2004, the Chief Minister stated at the Parliament's budget session that Gibraltar's economy, despite the external challenges it faced, was in robust shape and continued to grow at healthy rates.

Fortunately, the main lesson to emerge from the region s current troubles is that economies adapt faster than polities to changing conditions. Growth has been strong while it could have been stronger under more favorable policies, only huge mistakes could break the rise in living standards, given the region s productivity gains.

Still, a more optimistic scenario could point to the very strong growth in China and India, which together accounted for the drop in extreme poverty in the developing world in the 1990s.

Warnings about irrational market exuberance were largely ignored, especially as US consumer spending helped fuel strong growth across the global economy. Robust exports from Japan and Europe supported economic recovery and steadied investor confidence, providing, in turn, further export opportunities for newly industrializing countries, most notably China.

Despite the higher growth in total debt stock in countries of Europe and Central Asia, strong growth in GNI (19 per cent) in 2004 contributed to an improvement in the region's total debt to income ratio from 49.4 per cent in 2003 to 44.6 per cent in 2004.

All of this not only enhances confidence that strong US growth will persist it also reinforces the belief that the US Federal Reserve will begin raising interest rates, conceivably as early as April. For investors, this makes buying dollars even more attractive.

Not too much. I don't want a cyclone.