During World War II, a Statistical Research Group was formed to assist the war effort.
In my experience, relatively few of those who pretend to adjudicate between capitalism and socialism are interested weighing the evidence: instead, most of these discussions quickly turn into denunciations of the flaws of capitalism, apparently with the assumption that any un-capitalism would inevitably be an improvement.
· 2020 has been a torrid year for stock markets globally · Fiscal and monetary stimulus rescued investors from a brutal bear-market · Digital transformation has accelerated and fortunes of the technology sector with it · With mass-vaccination still some way off, 2021 will see many trends continue
Tears of Desperation
I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the funds from stimulus plans will strengthen the recovery “and “central banks help a stronger recovery by lowering rates and increasing liquidity”.
Like many other concepts in economics, "income" is an idea that is only simple if you don't think about it too much.
Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation for the following year.