Real GDP growth in 2007 was 6.0 per cent.

From a position of 5.1 real GDP growth in 1972, the UK went into recession in 1974, with GDP falling by 1.1 .

1 In 2004, Guatemala reverted to real per capita GDP growth.

Only 11 of its China beating nominal GDP growth between 2003 and 2011 was due to growth in real (inflation adjusted) output.

But wages have grown at a far slower pace than GDP.

Recovery was rapid and strong, with real GDP growth averaging nearly 9 in 2010 2011.

Worst case estimates have China s real GDP growing at around 7 per year over the next decade.

Not even real GDP growth at a sustained annual rate of 4 is sufficient to increase the share of American adults who have jobs.

Even an economy with an overall budget deficit will have a declining government debt GDP ratio if the growth rate of its nominal GDP exceeds that of its debt.

It is not clear why Abe and his advisers believe that this will deliver sustained real GDP growth of 2 a year.

Argentina s long term GDP growth has been disappointing.

Since 2008, banking sector credit growth in China has been among the fastest in the world, far outpacing GDP growth, and China s total debt has risen from 130 of GDP to 220 of GDP.

Some of the increase in nominal GDP takes the form of higher real (inflation adjusted) GDP, while the rest shows up as inflation.

For Greece, with an overall deficit of 4.1 of GDP and a debt GDP ratio of 170 , the debt ratio would fall if the combination of inflation and real (inflation adjusted) GDP growth exceeded 2.4 .

In 2007, Georgia's real GDP growth rate reached 12 percent making Georgia one of the fastest growing economies in Eastern Europe.

China s GDP growth fell dramatically, owing to the collapse of external demand.

Indeed, annual real GDP rose by 9 in 2010.

Real GDP contracted by 5.7 , and unemployment rose by 4.9 percentage points.

So, by the end of the year, we will see a slightly improved level of GDP, but the rate of GDP growth is likely to return to negative territory.

Historically, inflation in China has followed GDP growth with a lag.

After many years of outperformance, GDP growth has slowed sharply.

GDP annual average growth for the period of 1995 2002 was 5.1 .

GDP growth registered more than 10 per year in 2006 and 2007.

However, even in the relative calm of the post war era, long term real GDP growth in advanced countries has been rather variable.

Politicians have exacerbated the situation by doubling down on fiscal austerity, which has undermined GDP growth while failing to shrink government debt GDP ratios.

That is, China s annual GDP growth rate would drop by four percentage points if its exports did not grow at all.

Since the second quarter of 2009, US annualized real GDP growth has averaged 2.4 .

China s GDP growth, which relies heavily on credit, will take a hit.

)The GDP grew after 1996 at an annual rate that averaged 3.2 real growth.

While nominal GDP generally rises over long periods of time at the same rate as the money stock, with interest rates very low and declining, households and institutions were willing to hold more money relative to total nominal GDP after 2008. So, while M2 grew by more than 6 , nominal GDP grew by just 3.5 and the GDP price index rose by only 1.7 .

Japan s GDP share is about one third of Asia and 8 of the world.

Real GDP and estimates of growth rates in the ESCWA region at constant 2000 prices, 2001 2005

Argentina s long term GDP growth has been disappointing. In fact, real GDP per capita declined 15 over the 25 year period from 1965 to 1990 a period that saw some Asian economies quintuple in size.

China s economy has certainly become more unstable, with major slowdowns in real GDP growth in 2009 and again in 2012.

This generates liquidity, which then stimulates GDP growth.

As of this year, 1 of GDP growth is consistent with more than 3.5 of credit growth.

In 2004, the economy experienced 6.4 GDP growth and 7.1 in 2007, its fastest pace of growth in three decades.

The economy is contracting so much that the debt GDP ratio is actually increasing, and the actual deficit is improving only marginally, because government revenues are falling along with GDP.

In many advanced economies, real GDP remains lower than its pre crisis level.

After years of double digit GDP growth, the PRC s economy is decelerating.

BEIJING China s GDP growth this year may approach 10 .

The GDP growth rate was only 1.7 in 2011, and it is not significantly higher now.

From now on, consumption must grow much faster than GDP.

Indeed, annual GDP growth has fallen by five percentage points since 2010.

But, over the same period, annual GDP growth has averaged a modest 3.5 , and productivity growth has slipped into negative territory.