ICYMI: Quite quietly, a couple of weeks ago the Office of National Statistics announced they were trialing a new measure of economic activity that was meant to meet some of the criticisms of GDP as a metric.
As many of you know I'm not that keen on GDP (preferring at the very least GDP per capita), so I have had a look & this is my initial assessment; its early days & there remain absences, but certainly something of interest!
#GDP #economics
@NWBylines
https://northwestbylines.co.uk/politics/economy/rethinking-how-we-measure-economic-activity/
As many of you know I'm not that keen on GDP (preferring at the very least GDP per capita), so I have had a look & this is my initial assessment; its early days & there remain absences, but certainly something of interest!
#GDP #economics
@NWBylines
https://northwestbylines.co.uk/politics/economy/rethinking-how-we-measure-economic-activity/
Rethinking how we measure economic activity
The Office of National Statistics has announced an alternative to GDP; Christopher May assesses the value of the new economic metricChris May (North West Bylines)
