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GDP Should Be Corrected, Not Replaced

Urs Rohner, (2018), “GDP Should Be Corrected, Not Replaced”, Project Syndicate, 17 Ιανουαρίου

The hazards of relying solely on gross domestic product as a measure of overall economic activity have become obvious over time, especially as corporate profits have outpaced GDP growth in key economies. But none of the flaws in GDP are fatal, and policymakers should focus on fixing them, rather than seeking an entirely new framework.

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