"Output growth" refers to the increase in the production or output of goods and services in an economy over a certain period of time. It is a measure of economic expansion and can indicate the overall health and performance of an economy.
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- With output growth likely to remain strong, labour market conditions will probably tighten further. (rba.gov.au)
- In fact, periods of higher output growth are consistently associated with lower rates of inflation (simply, prices are a reflection of scarcity - greater output supply implies less price pressure). (hussmanfunds.com)
- More recently, business services and tourism - related industries have also seen stronger output growth. (rba.gov.au)
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