Top 20 Fastest Growing Economies 2019 (Major Economies)

by: Dr. Top 10

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in today's world every country wants to become the largest economy in the world and dominate the world like the USA does following the capitalist model of the u.s. in the last decades many countries have turned their economy from socialist to capitalist and a special group of them are known as g20 countries also called as major economies this includes many countries from both developed worlds like US Germany Japan and the developing countries like China India and Indonesia whether their economy is functioning or not is directly related to GDP growth rate of that country the GDP growth rate is the most important indicator of economic health when the economy is expanding the GDP growth rate is positive and businesses will start investing but if it is declining then businesses will hold off investment in these countries and indicates recession this GDP growth rate is calculated by majorly two Institute's World Bank and IMF so in this video you're gonna see GDP growth rate projections of major economies for the year 2019 but before we begin do not forget to hit the subscribe button and bail icon so you don't miss any of our future videos let's begin [Music]


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[Music] do not forget to hit the subscribe button and bail icon so you don't miss any of our future videos



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Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. The "rate of economic growth" refers to the geometric annual rate of growth in GDP (top 10 economies) between the first and the last year over a period of time. This growth rate is the trend in the average level of GDP over the period, which ignores the fluctuations in the GDP around this trend. An increase in economic growth caused by more efficient use of inputs (increased productivity of labor, physical capital, energy or materials) is referred to as intensive growth. GDP growth (gdp growth rate) caused only by increases in the amount of inputs available for use (increased population, new territory) (gdp 2019 or gdp growth rate 2019) is called extensive growth. This video is made by Dr. Top 10 and contains Information taken from IMF 2019 Reports and Projections #fastestgrowingeconomy #growthrate2019 #majoreconomies
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