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business churn
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Business churn is defined as the sum of the firm birth and death rates. It tends to follow the change in GDP with an eight quarter lag. Recently, churn has been down which may be a response to the general decline in output.


Business churn is defined as the sum of the firm birth and death rates. It tends to follow the change in GDP with an eight quarter lag. Recently, churn has been down which may be a response to the general decline in output.