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Though gross domestic product (GDP) dipped at the turn of the 21st century, it rebounded quickly, and the country weathered the worldwide economic downturn that began in 2008 better than many other countries.
Although GDP dipped a little at the end of last year, the economy has avoided a recession and the unemployment rate has flatlined at 5.8%, below its long-run average of 7%.
David Backus, an economics professor at NYU's Stern School of Business, says consumer spending as a percentage of gross domestic product has remained steady, and actually increased as the GDP dipped after the recession.
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Prior to 1986, there were seven GDP dips into negative territory, whereas in the period since there have been only two.
Business, technology and wealth news: GDP Dips To Better-Than-Expected 0.4% Though the American economy is just one negative quarter away from being in an official recession, the third quarter drop was milder than anticipated.
Growth of GDP has dipped to 4.5%.
Growth of GDP has dipped sharply, to below 2%.
With five weeks to go before polling day, Brazil's opposition must therefore have quietly rejoiced at official data released on August 29th, showing that GDP had dipped by 0.6% in the second quarter and by 0.2% in the first.
Although the real GDP growth dipped down at 6.7% level in the year 2008 2009, it has reached more than 8% level and continued at that level till 2011 2012 (CSO 2012).
Japan's GDP may dip as a result.In this section Unhappy families Why doesn't France have a Mittelstand?
Even after taking in an estimated 1.1 million Syrian and Iraqi refugees over the last year, GDP may dip only slightly moving forward, but remain steady.
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