What is Economic Growth?
Economic growth is the measure of an economy's increase in production.
As a measure of the productivity of a country, economic growth is an accumulation of the goods and services produced over a specified period of time. Economic growth can be adjusted for inflation and other influences, and, when compared to another country, can be adjusted for population with per capita GDP.
Russell Shor (MSTA, CFTe, MFTA) is a Senior Market Specialist at FXCM. He joined the firm in October 2017 and has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the International Federation…