by Summary:
China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors…. The Money IllusionDid China’s GDP growth 3.2% or 60%?Scott Sumner
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors…. The Money IllusionDid China’s GDP growth 3.2% or 60%?Scott Sumner
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
China just reported 3.2% GDP growth in Q2. That number sounds about right to me. But I can’t help noticing that if China reported its GDP growth rates the way the US government does, it would have reported roughly 60% growth in Q2. At least I think it would have; see if you can follow my argument and correct any errors….The Money Illusion
Did China’s GDP growth 3.2% or 60%?
Scott Sumner