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Frauds and Scams > Economic Growth Rate

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Economic Growth Rate Defined

Annual percentage change in the gross national product (GNP). If the rate rises in two consecutive quarters, it is considered to indicate an expanding economy. If the rate drops in two consecutive quarters, it is considered to mean a recession. A "real economic growth rate" is obtained when the rate is adjusted for inflation.

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Fri Jun 26

  • Enjoy Savings De-Linkage: Enjoy Savings De-Linkage. By increasing their personal savings, Americans are reducing their dependence on foreign investment from China. Unfortunately, while the increased U.S. savings rate will help de-link an unhealthy relationship where China exports, saves, and lends back to the U.S., the higher savings may also restrain U.S. economic growth for some time to come. According to NYU economist Nouriel Roubini, America's savings rate may ultimately exceed 10% (compared to 0% at the height of our consumption binge).

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