Showing posts with label Stewart Wallis. Show all posts
Showing posts with label Stewart Wallis. Show all posts

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