41. Concerns about job and wage security have already encouraged households to curb spending, pushing the national savings rate up to record levels. 42. Defense spending absorbs one-quarter of the national savings. 43. Greenspan also said that growing federal budget surpluses have been an important source of national savings, reducing upward pressure on long-term interest rates. 44. ISAs can include cash, stocks and shares, life insurance and national savings. 45. Prescott, currently visiting China, pointed to a fall in gross domestic product growth, an excessive current account deficit and low national savings. 46. Revisions to government figures released Thursday show that the national savings rate -- savings as a percentage of disposable income -- is not as bad as previously thought. 47. The budget should also mitigate the inflationary pressure resulting from the weaker ringgit, with its emphasis on higher national savings, narrower resource gap and lower imports. 48. The first George Bush was pummeled by a national savings and loan debacle. 49. The government needs to reduce government spending and taxes and encourage growth in the national savings rate, he said. 50. The high national savings for productive uses and its real sector should emerge stronger as the present economic adjustment process forces firms to be more efficient. |