Economic data is one of the most counterfeit information you will ever receive. The gross domestic product (GDP) is supposed to be the value of all “production” in the economy—what is made and bought and everything in between. Know more:
Economic data is one of the most counterfeit information you will ever receive. The gross domestic product is supposed to be the value of all “production” in the economy—what is made and bought and everything in between. But here is what governments do.
However, it is the analysis and interpretation of the GDP data that is a “circle dance”—using the less vulgar term for what happens—by politicians, pundits, and pontificating economists. “A pompous, self-congratulatory group discussion between like-minded individuals that validates mutual biases.” Only the left/‘progressives’ offer a legitimate understanding about the economy that the “big numbers” do not mean much to the “little people” in the short term, and especially in a developing economy like the Philippines. Unfortunately, their solution is to put everyone in government Matrix-like pods with a feeding tube at the top and a waste disposal unit shoved up the bottom.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong GDP shrinks for 4th straight quarter, but poised for recovery'Looking ahead, the Hong Kong economy is expected to show a recovery in 2023,' the government says.
Read more »
Philippines’ debt-to-GDP ratio subsides to 60.9% as of end-2022For end-2022, the Philippines’ debt-to-GDP ratio stood at 60.9%, down from the 63.7% level as of the third quarter of last year —a 17-year high or the highest since 2005.
Read more »
Boeing to add 737 MAX production line as it plans output boostBoeing booked nearly 700 MAX orders in 2022, delivered 387 737s, and has a total backlog of about 3,600 MAX airplanes.
Read more »
Young agripreneur turns conventional swine production into a sustainable enterpriseRico Ecunar was almost persuaded to follow his family’s tradition of becoming medical nurses. Still, he saw the potential to improve the swine production business that his parents had already started.
Read more »
South Korea’s economic contraction strengthens case for rate hike end | Sam Kim / BloombergSouth Korea’s economy shrank for the first time since the beginning of the pandemic last quarter, an outcome that supports the view the central bank is likely done with interest rate hikes for now. Gross domestic product contracted 0.4 percent from the previous three months as exports fell and consumer…
Read more »
Economic outlook remains promising under 6-year planNational Economic and Development Authority Secretary Arsenio Balisacan said Monday the economic outlook remains “promising”, but the country should take
Read more »