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Exact(21)
For that reason, we assume that nominal GDP falls before recovering to its 2010 level.
When nominal GDP falls, there is no longer enough spending to sustain the same number of jobs unless wages fall.
3. GDP falls an average of 9% (read that twice) 4. Unemployment increases 7% over previous norms.
When euro-zone GDP falls, Italy's falls by more; when it rises, Italy's rises by less (see chart).
Debt as a percent of GDP falls from 80.4 per cent at the beginning of the period to 72.8 per cent at the end.
Government debt increases by 86%; GDP falls by over 9% on average, and typically takes ten years to return to what it was before the crisis.
Similar(39)
GDP fell by 0.1% in the last quarter.
Japan's GDP fell at perhaps twice that rate.
For the whole year, GDP fell by 2.4%.
Japan's GDP fell in the second quarter.
Denmark's GDP fell by 0.1% in the first quarter.
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