30 Matching Annotations
  1. Jun 2022
    1. going beyond gdp as a measure of well-being and progress is a key aspect of the shift that is required which you've noted well in the report

      In other words, as per Stop Reset Go, we need to define a global, open WEALTH-2-WELLTH movement. Wealth is merely a subset of Wellth. We need wellth indicators, wealth indicators alone are insufficient to indicate holistic wellbeing.

  2. Apr 2022
  3. Feb 2022
  4. Jan 2022
    1. India’s GDP growth rate will be 9.2% in FY22. In FY21 it was 7.3%.

      GDP2022 & GDP2021 Growth rate

    2. fiscal deficit as a percentage of GDP rose to 9.5% in 2021–22 (revised estimates)

      GDP2021 Fiscal Deficit

  5. Nov 2021
    1. Many studies have been undertaken on the value of unpaid domestic and care work, which is also non-market, non-transactional and not included in formal economic accounts. Similarly, the unpaid care work for the wider community is missing off the balance sheet. Both are essential for the functioning of the economy that is counted.In Australia, this was estimated to be almost half of the country’s GDP, with those statistics from over twenty years ago. More recent statistics for the state of Victoria reveal a similar picture.

      These studies illustrate the huge under appreciation of the value contribution of the commons and work not showing up on GDP, the dark matter of GDP.

  6. Oct 2021
    1. Note also: this incentive is in fact far more hard-headed than any metric of hedonic economism—such as GDP, which is measuring the amount of desire satisfied by the productive sector. At best GDP is a revenue metric. A prudent manager will manage an enterprise to maximize capital and profit, not revenue.

      Also agreed; measures how much, not how well

    1. time as the new currency

      Marilyn Waring

      Time: The New Currency

      Women tend to be excluded from the national economy because their work is not paid and therefore not value or factored into the Gross Domestic Product of a nation. Money, then, is a mechanism for disempowerment.

  7. Jul 2021
    1. The 2016 presidential race had signaled as much. Donald Trump carried 2,584 counties across the country, but calculations by scholars at the Brookings Institution showed that the 472 counties Hillary Clinton carried accounted for nearly two-thirds of U.S. economic output.

      Hillary Clinton: 472 counties = 64% US GDP

      Donald Trump: 2584 counties = 36% US GDP

      Source

    2. districts won by Democrats account for 61 percent of America's gross domestic product, districts won by Republicans 38 percent.
  8. May 2021
  9. Apr 2021
  10. Sep 2020
  11. Aug 2020
    1. Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic (Working Paper No. 27418; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27418

  12. Jul 2020
  13. May 2020
  14. Apr 2020
  15. Feb 2020
    1. In some, their spending on goods and services as well as on transfers like unemployment benefits and pensions, accounts for more than half of GDP.

      What is the government's proportion of the US GDP presently?