Economic growth, the increase in value of the goods and services produced by an economy
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At that time Budapest was one of the fastest-growing city in Europe, triggered by industrialisation and high natural growth rate and fertility of rural ethnic Hungarians.
Growth accounting decomposes the growth rate of economy's total output into that which is due to increases in the amount of factors used—usually the increase in the amount of capital and labor—and that which cannot be accounted for by observable changes in factor utilization.
Hot money is usually originated from the capital rich, developed countries that have lower GDP growth rate and lower interest rates compared to the GDP growth rate and interest rate of emerging market economies such as India, Brazil, China, Turkey, Malaysia etc.