GDP Growth
GDP Growth refers to the increase in the value of all goods and services produced in a country over a specific period, usually measured annually. It is an important indicator of economic health, reflecting how well an economy is performing. When GDP grows, it often means that businesses are thriving, jobs are being created, and people have more income to spend.
A positive GDP Growth rate can lead to improved living standards and increased investment in public services. Conversely, negative growth can signal economic troubles, such as rising unemployment and reduced consumer spending, which can affect overall prosperity.