Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
Nigeria has the largest number of people living in extreme poverty in Africa. Turning the tide requires inclusive growth, value added productivity and strong institutions.
Australia’s GDP was up 3.4% last quarter of 2021, on the back of pent-up consumer spending. Other factors must drive future growth.
Attributing Australia’s economic success to closed borders runs the risk of leaving us with the wrong lesson the next time the things turn down.
Republicans and a few Democrats say the Build Back Better plan would increase the already fast pace of inflation.
Radical new thinking is required to fight climate change, and ‘gross ecosystem product’ might help.
The economy shrank 1.9% in the September quarter, but figures released on Wednesday show spending roaring back as soon as the lockdowns ended.
Looking beyond the latest quarterly GDP figures, the truth is we’re getting better off more slowly than before.
Rebasing matters because it makes updated and better data available so that better policies can be designed.
More funding is needed to galvanise
Nigeria’s health system as medical research is not well funded.
An economist explains what a recession is, who decides and why it took so long to learn that the COVID-19 downturn was officially over.
GDP only measures economic growth – not inequality, poverty or unpaid work like elder care. So researchers in the Netherlands developed a new way for governments to see how people are actually doing.
The US economy historically does better under Democratic presidents than Republicans, with far fewer months spent in recession
The US economy’s record pandemic plunge was followed swiftly by a record upswing. But what does it all mean?
An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
New analysis shows that if New Zealand replaced GDP with the Genuine Progress Indicator, which accounts for social and environmental costs, it would be only half as well off.
Countries around the world are taking society’s happiness and well-being into account when formulating policy. So, why is Australia so focused on economics as the sole marker of progress?
Human capital is a key contributor to a country’s economy. Here’s how families and the state can nurture this asset.
The methods used to measure gross domestic product are being criticised for excluding the unpaid work done by women.