By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world. (nationalinterest.org)

submitted 10 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[-] Infamousblt@hexbear.net 51 points 10 months ago* (last edited 10 months ago)

Tomorrow's Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.

[-] moujikman@hexbear.net 18 points 10 months ago

They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.

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this post was submitted on 15 Aug 2024

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