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Really sorry for causing confusion, by putting up such an exact number, 5%. It is just my common understanding that the countries anchoring the growth goals aro
by idiocrat 6y ago
Really sorry for causing confusion, by putting up such an exact number, 5%.
It is just my common understanding that the countries anchoring the growth goals around that number.
The policies pf cause vary by country (developed, developing), for example for GDP:
Japan's "annual forecast is +3.6% in 2021, and +2.2% in 2022". [0]
The UN's Sustainable Development Goal [1] sets "For the least developed countries, the economic target is to attain at least a 7 percent annual growth in Gross Domestic Product (GDP)."
Long time ago I remember watching a video by a prof, who asked a local council what would be the desirable growth (in range 1%-10%). The council agreed that 5% is reasonable.
Here I found the video [2].
[0] https://www.ubs.com/global/en/investment-bank/in-focus/2020/japanese-economic-outlook.html https://www.ubs.com/global/en/investment-bank/in-focus/2020/...
[1] https://en.wikipedia.org/wiki/Sustainable_Development_Goal_8 https://en.wikipedia.org/wiki/Sustainable_Development_Goal_8
[2] https://youtu.be/DZCm2QQZVYk?t=520 https://youtu.be/DZCm2QQZVYk?t=520