economic growth rate

economic growth rate definition - finance
The rate of change in the Gross National Product, as expressed in annual percentage terms. If adjusted for inflation, it is called the real economic growth rate. Two consecutive quarterly drops in the growth rate mean recession, and two consecutive advances in the growth rate reflect an expanding economy.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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