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economic growth |
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economic growth
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According to Eurostat, with the exception of Malta, the new members had GDP growth rates well above the EU15 average of 1. A slowing in GDP growth in China due to slower growth of the population and labor force, and because of slowing productivity growth as convergence occurs, easily could bring GDP growth to about 8 percent, in a still very optimistic case. As an example, the accompanying chart plots GDP growth from 1980 through 2005 for two sets of the world's countries. |
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