The Trouble With GDP… The Economist – Commodity Research Group

May 1, 2016 by Jim Colburn Leave a Comment

The Economist does an excellent job laying out the many issues in measuring GDP and using it as a measure of prosperity here: http://www.economist.com/news/briefing/21697845-gross-domestic-product-gdp-increasingly-poor-measure-prosperity-it-not-even

Here is a chart showing revisions three years after the first estimate:

I’m not sure why macroeconomists use decimal points when forecasting GDP…

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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