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Reuters (March 23)

2020/ 03/ 24 by jd in Global News

“China is consciously uncoupling from Western peers on rates. Its central bank has held lending benchmarks steady as global peers slash…. The People’s Bank of China’s relative immobility has surprised many economists…. The spread between 10-year Chinese government bonds and U.S. Treasuries is nearly two percentage points, its widest since 2015.”

 

The Economist (April 30)

2016/ 05/ 02 by jd in Global News

Developed in the wake of the Great Depressions and World Wars, gross domestic product (GDP) was originally designed “to measure the economy’s capacity to produce. Since then, GDP has become a lodestar for policies to set taxes, fix unemployment and manage inflation.” The metric can be inaccurate and is often overstretched. More robust benchmarks must be developed and this will require “a revolution in national statistical agencies as bold as the one that created GDP in the first place”.

 

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