smurf
15 May 2016
News / Moody's credit rating of Poland unchanged, but outlook slumps [64]
pweeg answers this perfectly
There are better, fairer metrics, but GDP is used becasue it's so vague. It's a bit like Catholicism y'know, nobody really knows how to explain it properly but we're told it's a good thing so we go with it ;)
But yea, seriously though there is a far better measure that economists and governments don't use becasue it shows a true reflection of a country's economy:
socialprogressimperative.org/data/spi
No, not really
ec.europa.eu/economy_finance/eu/forecasts/2016_spring_forecast_en.htm
Isn't Poland's one of the highest in Europe?
pweeg answers this perfectly
unless you can find a better metric, GDP will continue to be used.
There are better, fairer metrics, but GDP is used becasue it's so vague. It's a bit like Catholicism y'know, nobody really knows how to explain it properly but we're told it's a good thing so we go with it ;)
But yea, seriously though there is a far better measure that economists and governments don't use becasue it shows a true reflection of a country's economy:
socialprogressimperative.org/data/spi
But isn't Western Europe's GDP much lower than Poland's?
No, not really
ec.europa.eu/economy_finance/eu/forecasts/2016_spring_forecast_en.htm