GNPspecialized

SMART Vocabulary: related words and phrases

Economics
accommodative
anti-economic
anti-inflation
anti-inflationary
anti-recession
buyer's market
deindustrialization
economic
economist
Great Recession
gross domestic product
HDI
human development index
Keynesian
monetarism
monetary
recession
reflate
retrench
squeeze

GDP | American Dictionary

GDP
noun[ U ]
abbreviation for gross domestic product

GDP | Business English

GDP
noun[ U ]
 ECONOMICSuk /ˌdʒiːdiːˈpiː/us
abbreviation for Gross Domestic Product: the total value of goods and services produced in a country in a year:
If GDP continues to shrink, the country will be in a recession.
The government's goal is to reduce the deficit to 5% of GDP this year through a combination of spending cuts and tax increases.
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