Answer :
A downside of rapid economic growth is inflation effect. Economic growth will cause aggregate demand to increase.
Economic growth is an increase in the production of goods and services in an economy. Increases in capital goods, labor force, technology and human capital can all contribute to economic growth.
The downside of rapid economic growth is unsustainable and is higher than the long-run trend rate inflation is likely to occur.
Furthermore, this temporary boom in output is unlikely to continue and may be followed by an economic downturn or recession. But it helps in GDP increment and strengthens fiscal condition.
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