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output gap

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News and current affairs

The output gap reflects a deficit of more than 12 million jobs - the number of jobs needed to return to the economy's peak 2007 employment level and absorb the 125,000 people who enter the labor force each month.
In some parts of Africa, cotton growers are expanding production, providing proof that if the US and Europe did somehow curtail their own cotton output, Africans could plug the gap.