global-growth

Vocabulary Word

Definition

'Global growth' refers to the increase of something – businesses, revenues, populations – all over the world. It's like watching a tree grow in many directions, but in this case it's the economy.

Examples in Different Contexts

In economic development, 'global growth' refers to the increase in economic output and prosperity on a worldwide scale. An economist might say, 'Sustained global growth is essential for reducing poverty and improving living standards around the world.'

Practice Scenarios

Tech

Scenario:

Our platform has been well-received domestically. It's time to think about how we might fare in international markets.

Response:

That's a good point. Furthering global growth should be an integral part of our expansion strategy.

Business

Scenario:

The latest industry report shows great potential in emerging markets. They present new opportunities for us.

Response:

Absolutely. Exploring these opportunties fits into our larger plan for global growth.