GDP grows in Spain by 0.7% in the second quarter, up one tenth of a percentage point, and maintains its year-on-year growth at 2.8%

electomania.es

El PIB crece un 0,7% en el segundo trimestre

3 comments

I wish referring to GDP and GDP per capita becomes a career-ending mistake in statistics.
Numbers going up is completely meaningless if everyone's quality of life is going down. And the average person's purchasing power in Spain has gone down in the last few years.
- A better one would be measuring general wellbeing;
  Corruption Perceptions Index
  Literacy rate
  Life expectancy
  Economic equity
  There are more obviously, like the following, but it's a good start;
  Clean water, soil, and air
  Access to free healthcare for all
  Access to free education for all
  Bicycling infrastructure as % of infrastructure
  Access to affordable, decent-sized and quality housing for all
  Freedom of speech (eg workplace democracy, proportional representation, unionisation), and freedom from discrimination and stigmatisation
- Every economist's academic defense should require them to read their papers aloud while walking in between two rows of real scientists with amped up cattle prods; physicists, ecologists, systems theorists, mathematicians, chemists, biologists etc...
  Every time you say something stupid you get zapped. Those granted degrees are those who survive the ordeal.
  If you're unfamiliar with the process, this should inspire sufficiently.
  William Nordhause:
  "Three degrees of warming will reduce GDP by 2.1%"
  "Aaaaarrrrgh!"
  "We can mitigate economic damage of higher warming by moving economic activity indoors into air conditioned spaces for 5% of GDP."
  "Aaaaaaaaaargh!"
  "There are no limits to growth on a finite planet!"
  "Aaaaaaaaaaaaaaaargh!"