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Economic and Business Vocabulary — Lessico Economico·GDP, Growth and Recession
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Rule reminder

**Key macroeconomic terms:** Il PIL (Prodotto Interno Lordo) = GDP, the total value of goods and services produced. La crescita economica = economic growth (positive change in GDP). La recessione = recession (two consecutive quarters of negative GDP). La ripresa = recovery (return to growth after recession). L'inflazione = inflation (rising prices). La deflazione = deflation (falling prices).

GDP, Growth and Recession1 / 10

Il PIL misura...

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