Teck, Hoon Hian - East Asian Bureau of Economic Research (EABER) - 2005
historical experience, it would be necessary to achieve an annual real GDP growth rate of 7.1 percent in order to keep the … unemployment rate unchanged. Moreover, a one-percentage point shortfall of the real GDP growth rate below 7.1 percent in any given … economy is able to generate at most 5 percent real GDP annual growth rate (the high end of the range of official medium …