This will raise actual output to the level of potential output, thereby closing the output gap.

Unit labor costs have risen, and potential output growth has fallen.

Potential output has also been called the natural gross domestic product.

Most local forecasters now put Brazil s growth rates well below potential output.

If actual output is below potential output, this means that total spending is insufficient to buy what the economy can produce.

The theory behind the massive economic stimulus efforts that many governments have undertaken rests on the notion of the output gap. This is the difference between an economy s actual output and its potential output.

Thus, Latvia today enjoys a sustainable fiscal position, with output close to its potential and growing.

With a large output gap and low inflationary pressure, expansionary policies show great potential for reviving economic activity.

Consider basic foodstuffs. Rising food prices plague most of Asia, while Russia s potential for expanding grain output is enormous.

First, prolonged unemployment destroys not just current but also potential output by eroding the human capital of the unemployed.

In economics, potential output (also referred to as natural gross domestic product ) refers to the highest level of real Gross Domestic Product output that can be sustained over the long term.

Today, even if US production returns to its stable inflation output potential by 2017 a huge if the US will have incurred an output shortfall equivalent to 60 of a year s GDP.

That way, the economy as a whole would not come under pressure to deleverage and thus push production below potential output.

Output specification when the underlying utility writes output data to its standard output.

At 60 a barrel, expect the measured long term rate of potential world output growth to slow by roughly 0.3 per year.

Absent such confidence, Iraq s oil output will not approach its potential, which will only widen the gap between global supply and demand.

By contrast, output in Greece, which was slow to adopt austerity, is still 12 below its estimated potential and continues to fall.

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At 40 a barrel, expect oil prices to slow the long run growth rate of the world's potential output by 0.1 per year.

Yet this will occur too slowly to prevent a rapid rise in unemployment and a massive shortfall of production relative to potential output.

Iraq is producing oil at levels below what it produced under Saddam Hussein, and has the potential to double or even triple output.

Those who predict generally low interest rates over the next generation point to rapid growth of productivity and potential output in the world economy.

This new round of central bank activism reflects persistent concerns about economic growth. Despite a once unthinkable amount of monetary stimulus, global output remains well below potential, with the potential itself at risk of being suppressed.

The mineral potential can meet both the needs of the entire State and the vast potential for export to adjacent Bangladesh, once the absence of a railway siding to handle a substantially bigger output is overcome.

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