Your English writing platform
Discover LudwigExact(9)
Debt is normally fixed in nominal terms; if population and GDP declines, the ratios of debt-per-person and debt-to-GDP increase.
"So what if year-over-year GDP declines below 2%," they'll say.
The last time there were two successive quarterly declines was more than 50 years ago.Nominal GDP declines mean crudely that people's cash incomes and businesses' revenues are falling.
A major drop in GDP, declines in agriculture and manufacturing, double-digit inflation, ineffective fiscal and monetary policy, and diminished exports contributed to substantial failures in all economic sectors.
Historically, advertising expenditure has tended to fall further when GDP declines, only to recover faster when economies pick up.The ad market in 2004 was boosted by some special factors, such as a presidential election in America and the Olympics.
Other more oil-dependent economies, such as Kazakhstan or Saudi Arabia, suffered much smaller GDP declines over the same period.
Similar(51)
The sector's contribution to the GDP declined by £41m.
Third quarter GDP declined 0.5%, and industrial output fell a full percentage point.
The ONS said the downturn in 2008/09 saw GDP decline by 7.2%, from the previous estimate of 6.3%.
So the initial 6 percent decline in GDP would force a further 2.4 percent of GDP in cuts, leading to another round of GDP decline, and so on.
GDP declined by 2.1% year-on-year.Industrial output in Germany was 0.6% higher in January than in December.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com