CAVOK@lemmy.world to Europe@feddit.orgEnglish · 8 days agoEurozone economy unexpectedly contracts 0.2% in first quarterwww.aa.com.trexternal-linkmessage-square7fedilinkarrow-up124file-text
arrow-up124external-linkEurozone economy unexpectedly contracts 0.2% in first quarterwww.aa.com.trCAVOK@lemmy.world to Europe@feddit.orgEnglish · 8 days agomessage-square7fedilinkfile-text
minus-squareironblossom@feddit.orglinkfedilinkEnglisharrow-up2·7 days agoWhen will people learn that gdp isn’t a good performance indicator
minus-squarenosuchanon@lemmy.worldlinkfedilinkEnglisharrow-up1·5 days agoGDP is just measure of flow of money. It doesn’t track where the money originates or gets spent. When’s bank creates money out of nowhere for business to use for a project, that still counts towards the GDP.
minus-squareironblossom@feddit.orglinkfedilinkEnglisharrow-up1·5 days agoYes even as a metric for potential economic performance it’s a poor one.
minus-squareCalavera@lemmy.ziplinkfedilinkEnglisharrow-up1·edit-27 days agoIn the long run it’s what matters though, it’s much harder to have a functioning country if you don’t have money to run itself
When will people learn that gdp isn’t a good performance indicator
GDP is just measure of flow of money. It doesn’t track where the money originates or gets spent. When’s bank creates money out of nowhere for business to use for a project, that still counts towards the GDP.
Yes even as a metric for potential economic performance it’s a poor one.
In the long run it’s what matters though, it’s much harder to have a functioning country if you don’t have money to run itself