As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of goods and services produced within a country’s borders in a specific period of ...

GDP is the most widely reported statistic in economic data, but the headline number contains very little information about the direction or momentum of the economy. When the GDP numbers are released ...

Richard Heys is deputy chief economist in the Office for National Statistics, Newport, UK. For decades, economists have known that using gross domestic product (GDP) alone to guide policy is ...