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What Does It Mean When the Federal Reserve and Other Central Banks Are Raising Interest Rates?
Economic growth is measured by gross domestic product, or g d p. G d p is the monetary value of all the goods and services produced in a country over a specified time period. In 20 21, global g d p increased six % after falling by three%. Itsin edibly rare forglobal g d p to contract to fall. Most economists are predicting global gd p will increase in 20 22 despite some of the head winds.