Everyone is told that economic growth is the key to prosperity. But what if a significant part of GDP, the number politicians obsess about, is based on a transaction that never actually happens? Around 10% of UK GDP is made up of something called “imputed rent.” This is the imaginary rent homeowners...
Today's fact from the #RSS feed of #OurWorldInData: Argentina was one of the richest countries in the world at the beginning of the 20th century.
I might use this in the future when responding to people who claim that “things can't get any worse”.
When I first visited Buenos Aires some years ago, I was struck by how grand the city's historic architecture was. This is something that strikes many tourists: parts of the city feel closer to Paris than you’d expect from a country whose income level today is more similar to my home country of Colombia than to France.
Bank of Korea board member signals continued need for accommodative monetary policy as negative GDP gap expected to persist, while noting slight upward price pressures require monitoring
Household savings as percentage of GDP increased to 21.7 pc in 2024-25: Minister #Household #GDP #Minister #socialnewsxyz
New Delhi, March 17 (SocialNews.XYZ) The household savings as a percentage of GDP have increased from 20 per cent in 2022-23 to 21.7 per cent in 2024-25, as per the new series of GDP estimates... - Social News XYZ
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