Saxo's prediction

[fxmade2trade]

He thinks they will measure the GDP by productivity instead of the inaccurate train wreck it is now ? How do you see that play out?

 

[tomorton]

As economists can't agree on this (like everything else in economics) it always leaves the door open to an oscillation in policy decisions between different approaches. Equally hard to see that these are vital.

 

[fxmade2trade]

It seems so far off to me but definitely better

 

[Ovitany]

I am not sure if GDP can be accurately measured in this manner. I mean productivity is one of indicators closely watched by market, but it is related to GDP and calculated using GDP figure. This is why I cannot well understand how they are exactly going to use productivity as measure of GDP?

 

[Pat494]

The usual fudge is to give the undeserving 3rd world country a billion or two of taxpayer's money hoping that they buy British goods.
A road to disaster by 2 faced politicians.!