Why we should abandon GDP
Gross Domestic Product is the most popular and useless quantity in economics say Erald Kolasi and Blair Fix. For all that it purports to say, Gross Domestic Product (GDP) fails …
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World Bank says Indonesia forest fires cost $5.2bn in economic losses
DECEMBER 11, 2019 16:59 JST Smoke covers forest during fires in Kapuas regency near Palangka Raya in Central Kalimantan province, Indonesia, Sept. 30. © Reuters JAKARTA (Reuters) — …
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Governments should put wellbeing of citizens ahead of GDP in budget priorities, Iceland PM urges
Governments should prioritise environmental and social factors in their budgets instead of GDP, Iceland’s prime minister has urged, in a call for “an alternative future based on wellbeing and inclusive growth”. Katrin Jakobsdottir emphasised …
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Japan’s October exports post biggest fall in 3 years
TOKYO (Reuters) — Japan’s exports tumbled at their quickest pace in three years in October, threatening to tip the trade-reliant economy into recession as weakening demand from United States and …
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Protests tip Hong Kong into official recession as trade war stings
HONG KONG — New data has confirmed that months of anti-government protests have tipped the economy of Hong Kong, already under pressure from China’s slowdown and its trade conflict with …
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