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Comment on the phase of the business cycle

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Reference no: EM132601266

Real GDP of increased from 7,287,635 in 2011 to 8,982,517 in 2015.

The economic growth rate however decreased from 6.17% in 2011 to 4.88% in 2015.

Based on the economic growth rate comment on the phase(s) of the business cycle from 2011-2015

Reference no: EM132601266

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