https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020

Capitalism BTFO

Not even so-called "emerging economies" like India, Brazil, Turkey etc are expected to grow

        • VYKNIGHT [none/use name]
          ·
          4 years ago

          1 headline that says "The Chinese economy could be 12% smaller than what the official data says" from the financial times. Even if this is accurate how would it disprove that the Chinese economy was growing?

          • WhatsUpPup [none/use name]
            23·
            4 years ago

            No I’m saying that Chinese economic data is not reliable. Not that any other countries data is reliable either.

            • KiaKaha [he/him]
              ·
              4 years ago

              Your source said ‘could be 12% less’. It didn’t say ‘no measurement is reliable so let’s chuck the whole lot out—but especially when talking about China’.

              If you’ve got a critique of GDP as inaccurate and meaningless, go for it. You’ll find good company here.

        • Yun [he/him]
          ·
          4 years ago

          Paywall so I found a similar article https://www.zerohedge.com/news/2019-03-07/brookings-says-chinas-economy-12-smaller-official-data-show

          From the paper that the article cites:

          our best estimate is that the true growth rate of GDP is probably overstated by almost 2 percentage points from 2010 to 2016

          I mean, probably overstating GDP growth by average of 2 percent doesn't seem like compelling evidence for completely disregarding China's GDP numbers.

          Link to paper: https://www.brookings.edu/wp-content/uploads/2019/03/ChenEtAl_web.pdf

    • Awoo [she/her]
      ·
      4 years ago

      It genuinely doesn't matter what source you give me. I will judge on the merit of the evidence itself not the commentary of the source.

      The question I'm asking is whether this disbelief in their GDP figures is fundamentally based in actual tangible evidence or not.

    • LeninWalksTheWorld [any]
      1·
      4 years ago

      how about you give any evidence at all or even make a fucking claim you spineless liberal