Emeritus Prof Christopher May on Nostr: ONS figures this morning show GDP remains unchanged since last quarter. This may mean ...
ONS figures this morning show GDP remains unchanged since last quarter.
This may mean we have avoided a technical recession (two Qs of GDP contraction) but it can hardly said to be good news.
If (and its a big if) GDP is a reasonable aggregate measure of good political economic management, then this merely confirms what we all ready know #torychaos is costing us dear...
But to be frank, I'm not is sure GDP is such a great measure (ICYMI here are my thoughts on that)
https://northwestbylines.co.uk/politics/economy/gross-domestic-product-and-the-measurement-and-mis-measurement-of-economic-success/
This may mean we have avoided a technical recession (two Qs of GDP contraction) but it can hardly said to be good news.
If (and its a big if) GDP is a reasonable aggregate measure of good political economic management, then this merely confirms what we all ready know #torychaos is costing us dear...
But to be frank, I'm not is sure GDP is such a great measure (ICYMI here are my thoughts on that)
https://northwestbylines.co.uk/politics/economy/gross-domestic-product-and-the-measurement-and-mis-measurement-of-economic-success/