The United Nations has a new plan for weighing economic gains alongside health and environmental progress. But consensus is ...
Gross domestic product (GDP) is one of the most widely used indicators of economic performance. Gross domestic product measures a national economy's total output in a given period and is seasonally ...
GDP does not need to be redefined for the AI age. The harder measurement problem is how price indexes account for rapidly ...
Seriously. How are you feeling about your economic situation? Because the unemployment rate is still near generational lows, inflation is down to 3.2%, and gross domestic product, or GDP, grew at a ...
In a review of Diane Coyle’s GDP: A Brief but Affectionate History, aptly titled “Measuring the Unmeasurable,” James Grant highlights many of the difficulties involved in aggregate statistical ...
A series of comments from Trump officials in recent days raised concerns that the administration may try to look differently at a key economic measure of America's economic health: the quarterly ...
“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and well-being,” said United Nations secretary-general Antonio Guterres in June at ...
GDP growth is up. Time to celebrate! Then GDP growth is down again. Time to panic? These gyrations aren’t uncommon, and we have just been through one. A few weeks ago, President Biden boasted about ...
Explore the Genuine Progress Indicator (GPI), a holistic measure that contrasts with GDP by incorporating environmental and ...
“GDP has become something of a talisman. When GDP is growing, it gives people and companies hope, and when it declines, governments pull out all the policy stops to reverse the trend.” —World Economic ...
French president Nicolas Sarkozy drew heat last month when he suggested that countries should factor happiness into their statistics for growth. After all, Sarkozy campaigned on promises of wealth ...