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So both GDP and happiness are down under the Coalition.
For example, the numbers reported for the growth in both GDP and fixed investment are incompatible.
Correcting losses by changes in both GDP and wealth indicates that losses peaked in the 1950s rather than the 2000s.
Developed countries are less dependent on agriculture, in terms of both GDP and employment, than developing countries.
Now, with double-digit growth in both GDP and exports, and inflation rapidly rising, it has no excuse.
Most euro area countries do not allow fully for improvements in computer "quality", so again official figures probably understate Europe's growth (in both GDP and productivity) relative to America.
Similar(19)
My expectation is for continued slow growth faster than potential, gradually reducing both the GDP gap [between actual and potential GDP] and the unemployment gap [between actual unemployment and its natural rate].
Figure 1 plots both the GDP growth rate and DES.
That said, both the headline GDP and the detailed breakdown of the data suggest that the eurozone is still a long, long way from returning to good health.
Its harshest criticism was aimed at Germany, which is likely to breach the pact's ceiling for deficits of 3% of GDP both in 2002 and 2003.
Taking into account the new proposals, the deficit could rise to at least 6.5% of GDP both this year and next.A further problem is political.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com