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Europe Daily Bulletin No. 9963

27 August 2009
GENERAL NEWS / (eu) eu/economy
Commission proposes five steps to complement GDP with other relevant indicators

Brussels, 26/08/2009 (Agence Europe) - Despite its shortcomings, Gross Domestic Product (GDP) remains the best known and most widely used measure of macro-economic activity. However, to give exact measurements of long-term economic and social progress, particularly the ability of a society to manage issues such as climate change, the effective use of resources and social integration, as an indicator it has to be complemented with other statistics that deal with these issues that are just as...