A.G. van Bergeijk, Peter, (2015), “We are shrinking! The neglected drop in Gross Planet Product”, Voxeu, 7 December
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.
Relevant Posts
- Scholtens, B. (2015) “Falling oil prices should help Europe’s ailing economies, but the wider implications of the price drop remain to be seen“, LSE EUROPP, 21 January.
- Núñez-Ferrer, J. & Katarivas, M. (2014) “What are the effects of the EU budget: Driving force or drop in the ocean?”, CEPS Special Reports, Economic Policy, 28 April.