- economic growth
- An increase in the nation's capacity to produce goods and services. Usually refers to real GDP growth. Bloomberg Financial Dictionary
* * *economic growth economic growth ➔ growth
* * *economic growth UK US noun [U] ECONOMICS► an increase in the economy of a country or an area, especially of the value of goods and services the country or area produces: »
We need to maintain low inflation and at the same time create an environment that is conducive to economic growth.»
The administration wants to promote economic growth and spur more savings and investment.
Financial and business terms. 2012.