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We are shrinking! The neglected drop in Gross Planet Product

A.G. van Bergeijk, Peter, (2015), “We are shrinking! The neglected drop in Gross Planet Product”, Voxeu, 7 Δεκεμβρίου

The analysis and forecasts of the IMF are well covered in the press. This column deals with a less noted development in the data provided by the IMF, namely the nominal decrease in Gross Planet Product. Since the IMF forecast both positive growth and positive inflation, the nominal shrinkage of GPP puts into question the consistency of the IMF World Economic Outlook data and forecasts.

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