We are covering all the GDP developments at a separate live blog here, while the action from Davos, the eurozone et al will remain here.
After many decades of measuring its development by GDP growth alone, the Chinese government now recognizes the importance of environmental and social targets to measuring long-term sustainable development.
The main exogenous inputs include GDP growth, population, technological development, and resource depletion.
The projections are based on the assumptions of a lower population growth rate (less than 1%), continuous economic development with high GDP growth, and increased urbanization.
Alkhuzaim (2014) used cointegration and granger causality techniques and concluded that there is positive long run relationship between financial development indicators and GDP growth rate in Qatar.
The balance of payment, human capital development and increasing GDP growth to reduce unemployment are the current government's key concerns today.
One prominent aim was for rich countries to strive to reach the long-standing objective of giving 0.7% of GDP to development aid.
And it's particularly laudable that the UK is the largest economy – the only G8 government – to hold firm to the commitment to spend 0.7% of GDP on development.
He praised countries like the UK who could commit 0.7% of their GDP to development, and added that it would bolster British "soft power" abroad.
Besides, India has long way to go before catching up with China in a host of crucial economic and social indexes -- like per capita GDP, human development, and entrepreneurship.
