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Electricity consumption turned to flat signaling weaker economic prospects

EnergyJul 15, 2022
Electricity consumption turned to flat signaling weaker economic prospects

Studies find that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption.

Many research illustrates the positive long-term correlation or co-integration between electricity consumption of a country and economic growth.

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