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Europe Daily Bulletin No. 9849

27 February 2009
A LOOK BEHIND THE NEWS / A look behind the news, by ferdinando riccardi
Why it is important to review GDP and methods for calculating growth

Bobby Kennedy already said it 40 years ago…It certainly wasn't me who decided that it was necessary to radically amend the way Gross Domestic Product (GDP) is currently calculated (see this column in EUROPE 9843). A colleague indicated that Bobby Kennedy had pointed out the need for this around forty years ago, in 1968. I don't have the whole of the English text available and I'll quote from the translation: he said that GDP calculates “pollution, cigarette advertising, ambulances that...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS