Growth obsession is fuelling inequality around world: WEF
Sydney
ECONOMISTS and policy makers are relying too much on gross domestic product as a measure of national performance to the detriment of people's living standards, according to the World Economic Forum (WEF).
Ahead of its annual meeting in Davos, the Swiss-based foundation has sought to counter the focus on short-term growth by developing an alternative metric called the Inclusive Development Index, which rates 103 countries on growth, equity and sustainability.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Gen Z is relying on debt more than Millennials did at this age
Trade association survey shows 79% of US biotech companies have contracts with Chinese firms
Hong Kong woos Saudi money in attempt to revive stock market
Squeeze on UK job market eases in April, recruiters say
US will halt artillery supplies to Israel if it attacks Rafah: Biden
China’s factory glut alarms the world but there’s no quick fix