Why it matters
GDP growth shows whether an economy is expanding or shrinking and guides decisions by governments and investors.
Gross domestic product in the news
More Economy terms
Interest rate
The price of borrowing money, expressed as a percentage of the amount borrowed. A central bank sets a benchmark rate that other rates follow.
Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Deflation
A sustained fall in the general level of prices across an economy, the opposite of inflation.
Inflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
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