Macro Mysteries: The Shocking Revision to UK GDP
The Office for National Statistics (ONS) published revised GDP figures, upending the post-pandemic economic narrative. It turns out that Britain’s economy recovered much quicker than previously thought and is no longer an international outlier. So how did the ONS find a load of economic output down the back of the sofa? And in today’s Dumb Question of the Week: What could we measure instead of GDP? Selected links Impact of Blue Book 2023 changes on gross domestic product - Office for National StatisticsWhat is GDP and how do we measure it? | National Statistical China’s Official Economic Data: Is It Accurate? | St. Louis FedBeyond GDP: Three Other Ways to Measure Economic Health | St. Louis Fed---Get in touch 📧 mhr@pensioncraft.com 🎧 many-happy-returns.captivate.fm --- Join PensionCraft 🌐 Become a member at pensioncraft.com ▶️ Subscribe on YouTube ---Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns