Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent.
However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by 14.9 per cent.
The other obvious conclusion is that the Eurozone national accounts will also be overstated and hide the degree of contraction that is going on
Share of expenditure on social welfare below the pre-corona level (2019: 45.2 %) and the long-term average (1991-2023: 41.7 %) Share of expenditure on economic policy has more than doubled since 2019 to 21.9%; only […]
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