ABOVE FULL-EMPLOYMENT EQUILIBRIUM
A term in macroeconomics used for describing the real gross domestic product ( GDP ) and is at the moment in excess of its long-run average, or some other variation of historical measure. In accordance, if the current amount of the real GDP is greater than the historical average is called an inflationary gap, for the reason that it will create inflationary pressure in the particular economy.
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|16:00||ECB President Mario Draghi Speaks|
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|20:30||BOE Deputy Governor for Markets and Banking Sir David Ramsden Speaks|
|00:30||RBA Assistant Governor Michele Bullock Speaks|