Real Economic Growth Rate

(redirected from Real Economic Growth)

Real Economic Growth Rate

The change in a nation's GDP after accounting for inflation. The economic growth rate (or GDP growth) shows how much GDP has grown or shrunk in raw dollar amounts and may not be an accurate accounting of how well or poorly an economy is performing. The real economic growth rate adjusts for how much buying power has been affected and therefore provides a more accurate view. For example, if the economic growth rate is 10% and the inflation rate is 3%, the real economic growth rate is 7%. See also: Real GDP, Nominal GDP.
Mentioned in ?
References in periodicals archive ?
"The real economic growth was 2.4 percent during six months since early 2019 compared to the same period of 2018.
India is expected to post real economic growth of 7.2 percent in the 2019-2020 fiscal year, and is seeing below-target inflation even as rising oil prices add an upside risk, the governor said.
According to preliminary estimations, the real economic growth made 5.1% in 2018.
Talking on the occasion, the minister underlined that the 12th Five Year Plan should contribute to real economic growth covering all aspects for attaining sustained economic growth.
In order to achieve real economic growth a national strategy for the development of the private sector is necessary, Arsovska said.
In a report, Nikita Anand, primary credit analyst at SandP, said a sustained depreciation of the peso could contribute to increasing inflation and consequently temper real economic growth despite the banking industry's low foreign currency exposure.
While chairing a meeting on 12th Five Year Plan, Khusro Bakhtyar underscored the need that five year plan should be realistic and contribute to real economic growth.
The national economy has suffered from a slowdown in growth and had also been vulnerable to developments witnessed recently in the Middle East, as preliminary data showed that the real economic growth will stand at 2 percent, creeping towards 2.3 percent in 2019.
Annuity money is ideally suited for investment in housing and infrastructure, as it can be invested for 20, 30 or 40 years, delivering real economic growth for the UK.
The Minister underscored the need that Five Year Plan should be realistic and contribute to real economic growth. He noted that previous governments' priorities were different whereas the incumbent government is particularly focusing on socio-economic development for the uplift of the people.
The central bank said that though political uncertainty has relatively subsided due to a smooth transition between governments, 'concerns on the economic front continue to persist on the back of rising inflation and large twin deficits that are likely to compromise the sustainability of the high real economic growth path'.
The minister announced, at a press conference on the sidelines of the conference, that Egypt targets a real economic growth rate of 5.8% in the current FY, gradually increasing to 8% by the end of the medium-term sustainable development plan 2021/2022.