Illya Gerasymchuk profile photo
Illya Gerasymchuk
Financial & Software Engineer

๐Ÿ”ด GDP is a useless metric ๐Ÿ”ด

User
Illya Gerasymchuk

2024-05-20 15:03

๐Ÿ”ด GDP is a useless metric ๐Ÿ”ด

A country may resort to debt, inject that debt into the economy, and see nominal GDP figures raise, without producing value. This is a recipe for an economic bubble

Debt-to-GDP ratio presents a much clearer picture (smaller is better)๐Ÿ‘‡

๐Ÿ”ด GDP is a useless metric ๐Ÿ”ด
๐Ÿ’ฌ