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economic growth
(redirected from GDP Growth)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

economic growth

Process by which a nation's wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country's total output of goods and services (gauged by the gross domestic product adjusted for inflation, or “real GDP”). Other measures (e.g., national income per capita, consumption per capita) are also used. The rate of economic growth is influenced by natural resources, human resources, capital resources, and technological development in the economy along with institutional structure and stability. Other factors include the level of world economic activity and the terms of trade. See also economic development.



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Gains in the growth of consumption, business fixed investment, and government spending contributed a substantial portion to real GDP growth in the third estimate, each adding about 0.
According to Zoran Stavreski, Deputy Prime Minister and Minister of Finance, the GDP growth rate corrections have been made in keeping with the latest statistics about industrial production and other real sector tendencies.
Investment bank Morgan Stanley has raised its forecast for China's 2009 GDP growth to 9% from the previous 7% and its 2010 GDP growth forecast to 10% from the previous 8%, Chinaknowledge reported on Tuesday, citing a new report of the bank.
 
 
 
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