A senior Labour shadow minister has suggested that the party could adopt a radically different approach to measuring the health of the economy, amid growing pressure worldwide to ditch GDP as a ...

Economic growth refers to the increase in goods and services production over set periods, often measured by GDP or GNP, ...

Most measures of economic performance used by government officials to inform their policies and decisions are based on gross-domestic-product figures. But concerns have long been raised that GDP-based ...

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic principles.

Because of the huge diversity of what is produced in a modern society, aggregation becomes difficult. GDP yields one monetary number to represent it and that is taken to present an aggregate picture ...

Shift to high-frequency administrative datasets aims to smooth growth estimates and cut sharp revisions under new FY23 base ...