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-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.
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.