By Mark Cliffe, Chief Economist and Carlo Cocuzzo, Economist
Gross Domestic Product is understated by 0.75% every year, while inflation is overstated by 0.4%. This is the conclusion of our major new report, in collaboration with John Calverley of Calverley Economic Advisors, which argues that a mis-measurement of the digital sector is distorting our view of the world.
A digital remix
GDP is the revered measure of the size, and success, of national economies. Although it is commonly thought of as reliable and objective, it is a complex statistic with a history of errors, controversies