You are here

Hunt is on for new yardstick to replace GDP

But while the latter is deemed to be "broken in theory", it appears to be still working in practice

India's outgoing central bank chief Raghuram Rajan has warned of the difficulty in measuring growth in the face of ageing populations. GDP numbers there have come under scrutiny since a new methodology last year showed a booming economy outpacing China.

Hong Kong

GROSS domestic product is so 20th century.

The measure has risen from humble beginnings during the Great Depression to be an essential gauge for governments and central banks the world over. Long-term investors allocate capital based on its findings; traders buy and sell