3 ms·
"The change may cause policymakers to misjudge the economy’s health, investors to lose confidence in the reliability of the data, and the public to disengage fr
by int32_64 7mo ago
"The change may cause policymakers to misjudge the economy’s health, investors to lose confidence in the reliability of the data, and the public to disengage from participating in official measures altogether."
Many neoliberal Western countries with good data have completely fumbled their economies post-GFC and post-Covid, just look at Canada's disastrous GDP per capita growth.
- nikanj 7mo agoCanada’s population has increased at an astonishing rate, I wonder if that affects the per capita numbers. If you have the same industry in 2011 and 2026 but population went from 35 million to 42 million, per capita the numbers look terrible
- next_xibalba 7mo agoAccording to OECD [1], population growth outran capital, housing, and infrastructure. So it's kind of like they didn't have enough "slots" to plug all of these additional people into. They don't claim this is to only or even primary cause of Canada's weak per-capita GDP growth though. As you would expect, there are many, many causes. [1] https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/05/oecd-economic-surveys-canada-2025_ee18a269/28f9e02c-en.pdf https://www.oecd.org/content/dam/oecd/en/publications/report...