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Yingxiu suffered a calamitous loss of people and property, but this was followed by a conspicuous upswing in output (especially construction) and employment.If this seems counterintuitive, that is because GDP is easily misunderstood.
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"We know that the upswing in actual mining production, output and export volumes is still ramping up, and that this will be a driver of Australia's economic growth in future years," Mr. Swan told a Harvard Club luncheon in New York this week.
A rise in commodity prices tends to coincide with an upswing in industrial production.
On the contrary, high- and low-skill occupations, if they experience contractions, tend to rebound in accordance with trends in output during upswings.
As a result, the country has seen an upswing in gold exploration, production, and export.
The sharp upswing means output is growing again after May's 0.2% fall.
Factor in output needs.
Consequently, there's less reason to believe that, as output growth picks up, we'll see a big upswing in productivity growth.
Signed comment about candor upswing in America.
Discusses Auden's current upswing in popularity.
But the upswing in Italian women's tennis continued.
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