Definition: GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important ...

Definition: Real GDP is the nominal GDP after adjusting for any price changes attributable to either inflation or deflation. Description: Nominal GDP or the GDP at current price can present a ...

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After robust 5.3% real GDP growth in 2022, economic expansion decelerated markedly in 2023, to 0.2%. Private consumption was the main drag contracting due to high inflation, tighter financing ...

The Reserve Bank on Friday retained the GDP growth forecast of 7 per cent for the 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy ...

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts. Economic growth rose ...