Rolling coverage of the latest economic and financial newsGDP is the standard measure of economic activity, but it has its critics too.It tracks what’s happening across the economy, but does not distinguish between harmful and beneficial activity.It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl.It counts napalm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman’s rifle and Speck’s knife, and the television programs which glorify violence in order to sell toys to our children. Continue reading…
Source link : https://www.theguardian.com/business/live/2024/may/10/uk-gdp-report-economy-escaped-recession-growth-q1-2024-business-live
Author : Graeme Wearden
Publish date : 2024-05-10 05:46:33
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UK GDP report to show if economy has escaped recession – business live
