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Meaning of “growth rate” in the English Dictionary

"growth rate" in Business English

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growth ratenoun [C]

uk   us   ECONOMICS
a ​measurement of how fast something ​increases in ​size during a particular ​period: Developing countries ​report a high economicgrowthrate of 6% this ​year. The economy's ​growthrate has ​slowed from 3% to 2.5%. The ​agriculturalsector has ​slowed from a ​growthrate of 7% to 3%.annual/quarterly/year-on-year growth rate The ​fund has ​achieved an ​averageannualgrowthrate of 13.7% over ten ​years. the ​GDP/​job/​earningsgrowthrate a fast/​healthy/high ​growthrate a low/​slow/​weakgrowthrate a sustainable/​long-termgrowthrate
(Definition of growth rate from the Cambridge Business English Dictionary © Cambridge University Press)
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