Tuesday, 19 April 2016

Five measures of growth that are better than GDP (Stewart Wallis, WEF)

An employee unloads steel products at a market in Yichang, Hubei Province, China, April 7, 2016.

GDP is like a speedometer: it tells you whether your economy is going faster or slower. As in cars, a speedometer is useful but doesn’t tell you everything you want to know. For example, it won’t tell you whether you are overheating, or about to run out of fuel.

https://www.weforum.org/agenda/2016/04/five-measures-of-growth-that-are-better-than-gdp

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