Gross domestic product has become the comparative benchmark for the wealth and growth rates of nations. The author provides a concise history of GDP, which offers fertile ground for the consideration of future changes to its use and to the use of other inputs in the valuation of stocks and stock markets.
This latest edition of Weekend Reads explores the joy of making lists, and provides a selection of how-to guides on measuring prosperity, investing internationally, killing an idea, being an impostor, and much more.
In the first week of 2016, China’s stock prices tumbled by 10% and the entire exchange was halted twice by the newly implemented circuit-breaker mechanism. Meanwhile, China’s currency depreciated by 1% against the US dollar and the offshore rate fell by more. Amid this turmoil, we asked CFA Institute Financial NewsBrief readers what they expected China's GDP growth rate would be in 2016.
As 2015 quickly draws to a close, you might be wondering what 2016 has in store for us. This week we asked readers of our CFA Institute Financial NewsBrief which country they think will contribute the most to global economic growth in 2016. Check out what they had to say.
Is Chinese economic data reliable? Carsten Holz, professor of economics at the Hong Kong University of Science and Technology, discusses common misconceptions about China’s GDP figures and its future economic outlook.
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