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