Statistical overhang

Technical term for the fact that the growth of the gross domestic product does not depend solely on the circumstances of the particular
calendar year, but is also determined by developments in the preceding years. – Cf. ECB Monthly Bulletin, March 2010, pp. 71 et seq. (explanation; application to euro area growth; overviews 1981-2009).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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