decline in real GDP in recent years were overly optimistic. The same entities predict that real GDP will fall by 4 …

Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British … government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of … welfare; 2) Growing GDP is pointless since most people don’t benefit; 3) Raising GDP per capita is pointless as it doesn …

If official figures overstated the growth of banking output in the UK in the recent boom, does this mean that GDP … other industry or industries must have been understated, leaving GDP relatively unaffected. The reason is that the Office … for National Statistics measures the real growth of GDP primarily from the expenditure side. And from the expenditure side …

Why is GDP growth so much more volatile in poor countries than in rich ones? We identify four possible reasons: (i …