Edward Hadas: The uses and abuses of GDP

By Edward Hadas
May 20, 2015

The standard measure of output is a useful indicator of short-term trends. It can also help compare levels of development. In poor countries, faster GDP growth is a good policy goal. But in richer countries, GDP-think misses important economic changes and challenges.

China’s positive data hides healthy economic pain

April 10, 2012

Surprisingly high inflation and a big monthly trade surplus are misleading. Producer prices are falling and exports slowing. But the news is not bad enough to provoke monetary stimulus. Reformers think slowing growth pains are required to make China’s economy more balanced.

China slows down just enough

August 2, 2010

Evidence that China is slowing sounds like fodder for double-dip doom-mongers. But investors have taken a fall in the manufacturing index to a 17-month low in their stride. With further cooling measures now looking unnecessary, they are probably right to be sanguine.