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
Better although if we want to measure the efficacy of a system as complex as an economy we need large multidimensional measures
GDP growth is a capitalist measure of growth though
we live in a capitalist world so having a large GDP is good
naturally we can't only think about growing GDP, especially because of the environment, but it's still important: it means the country can exert some economic pressure and it discourages economic blockades too
after a country is developed, yes, but if it's a developing country it can be a pretty good benchmark of how well a country is doing. of course, when a developed country has a slight change to their gdp it doesn't really mean much.
The source is literally the IMF website, do you expect them to jerk off China?
Like I said, what source could I even give you to satisfy you?
Im saying I am satisfied because i would expeect the IMF to underreport China's #s if anything.
Go downstairs and ask your mom she sends me your family newsletter at christmas
https://www.ft.com/content/961b4b32-3fce-11e9-b896-fe36ec32aece
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?
No I’m saying that Chinese economic data is not reliable. Not that any other countries data is reliable either.
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.
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
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.
how about you give any evidence at all or even make a fucking claim you spineless liberal
