GDP Revision: The recession was worse than everyone thought!

ReThink HR

In its GDP release yesterday, the Commerce Dept. Business Impact ALFRED GDP Recession St. This from the The Big Picture Blog! made revisions back t0 2003 that showed the recession to be worse than originally thought. Using ALFRED , the St.


How Reducing Gender Inequality Could Boost U.S. GDP by $2.1 Trillion

Harvard Business Review

state and city could add at least 5% to GDP by 2025 by advancing the economic potential of women. states could add more than 10%, and the nation’s 50 largest cities could add between 6% and 13% of GDP. trillion GDP opportunity would require the creation of 6.4

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Trending Sources

GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business Review

Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. HBR STAFF. Germany, Switzerland, and Japan are now in negative interest rate territory. So are Denmark and Sweden. And U.S. treasuries have hit all-time lows.

More Women in the Workforce Could Raise GDP by 5%

Harvard Business Review

Booz estimates, for example, that if female employment rates were to match male rates in the United States, overall GDP would rise by 5%. In Japan, such initiatives could increase GDP by 9%. Nearly one billion women are poised to enter the global economy in the coming decade.

Forget GDP — We Need Numbers That Matter for the Questions We Have

Harvard Business Review

No single number has become more central to society in the past 50 years than GDP — Gross Domestic Product. government released its revised estimate for GDP for the last three months of 2013. GDP very purposefully excludes whole swaths of human existence, from domestic work to volunteer activities to cash transactions not recorded by the government. The limitations of GDP have long been recognized. Academics have also joined the post-GDP party.

3 Charts US Economists Want to Keep Secret

Coaching Tip

In fact, real GDP per person just dropped to its lowest level in more than 75 years ! Stock Market What is 2008-2009 recession daily newspaper economic data economists free look New York real GDP USLike Vanilla is used to make Chocolate. Despite new all-time highs in the stock market, US economic data is lagging.

The Coming Jobs War: A book review by Bob Morris

First Friday Book Synopsis

findings) that must be mastered the the World Poll Top 25 Nations ranked by GDP What a master plan for economic “war” most consist of what they can do Who “super mentors” are Why behavioral economics is “the new secret weapon

Beyond GDP, How the World's Economies Stack Up

Harvard Business Review

These days, many people agree that, just as the full measure of a man can't be taken by his banker, the full measure of a nation isn't reflected in its GDP. But what should take the place of that alpha metric as a better indicator of economic health? Is there a better way to size up the relative performance of the world's economies, and to judge whether a given one is getting better or worse over time?

Does 2010's 4th. Quarter Results Signal Good Times?

Coaching Tip

Gross domestic product (GDP)—a broad measure of all goods and services produced—grew at a 3.2% Final sales—a measure that gives a feeling for underlying demand in the economy by subtracting the change in business inventories from GDP—notched its biggest increase since 1984, growing 7.1% percentage points to GDP. annual rate in the fourth quarter, the government said Friday. That's up from the 2.6% pace notched the quarter before.

What Warren Buffett would do to end the deficit in 5 minutes

First Friday Book Synopsis

“You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. He told told CNBC he could do it. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days […]. Bob''s blog entries citizen legislators CNBC Founding Fathers Proposed Congressional Reform Act What Warren Buffett would do to end the deficit in 5 minutes

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Why the Strong U.S. Economy Is Not Making Americans Happy

Harvard Business Review

GDP is masking deeper issues. Economics & Society Video


How Happy Is Your Organization?

Harvard Business Review

It was hosted by Bhutan, a small but visionary country which famously uses Gross National Happiness (GNH) instead of Gross Domestic Product (GDP) to index its progress. Leadership Managing people Morale Motivation Organizational culture Productivity GDP GNHToday, March 20, 2013, marks the first ever International Day of Happiness.

Languages Your Company Should Speak (But Has Never Heard)

Harvard Business Review

Back in 2003, Mark Davies carried out an important analysis of gross domestic product (GDP) by language use. of the world''s GDP. Communication Customers Global business GDP

Hello Deflation

Coaching Tip

In September, eleven of fifteen European Union members experienced lower goods prices, and the latest quarter-over-quarter Eurozone growth in real GDP is zero. Deflation Rearing its Ugly Head in Subtle and Not-So-Subtle Ways Around the Globe.


Markets: Understand the Present to Forecast the Future (Part 2)

Coaching Tip

After noticing the real GDP per person just dropped to its lowest level in more than 75 years, a major newspaper recently asked a slate of economists, "What's wrong with the economy?" Stock Market What is Chartered Market Technician cultural trends Elliott wave EWI Knowing market analysis markets real GDP Robert PrechterKnowing where you are within a trend helps you see around the next corner. By Elliott Wave International.


Optimism and Insights from Mid-Market CEOs about Business Growth

C-Level Strategies

private sector GDP alone ranks them as the equivalent of the world’s fourth largest country.

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The Key to Winning in Global Markets

C-Level Strategies

“Mid-size and large cities in developing countries generally have a growth rate exceeding that of their host countries,” say the authors, and “top cities have grown faster in GDP than the rate of their country’s GDP growth.

The Key to a Jobs Plan that Works

Harvard Business Review

Small businesses constitute the majority of our GDP and have historically been the source of most new job creation. An economy that derives 70% of its GDP from consumer spending cannot sustain stable growth when average consumers don't have money to spend. From 2000 – 2009, overall GDP grew by 17.8% Imagine a structurally sound house with a roof (GDP) supported by 4 walls (demand). Economy Recession Small/medium business GDP

Globalization in the World We Live in Now: World 3.0

Harvard Business Review

Economy Global business Information & technology GDPSo far, 2011 has been a remarkable year.


Are You Fretting over the Economy?

Coaching Tip

But please allow us to suggest this: Belief that the GDP and other economic measures drive stock market trends is completely and utterly false. Suppose you were to possess perfect knowledge that next quarter's GDP will be the strongest rising quarter for a span of 15 years, guaranteed.

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Mid-Market CEOs Reveal Which Party they Want Elected in November

C-Level Strategies

private sector GDP alone ranks them as the equivalent of the world’s fourth largest country. ~.

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Should a Woman Act More Like a Man to Succeed at Work?

Great Leadership By Dan

With an increase in Japan’s female employment rate, the country’s workforce would expand by more than eight million people—and its GDP would grow by as much as 13 percent.*

The Economic and Social Impact of Language

Mills Scofield

Consequently, we aren’t being prepared for engagement in a country with a $2,100 per capita GDP. With the rise of China, India and other Asian countries, what languages do we teach in school? Bengali? Punjabi? Think this is a bit of an issue for our economic and political future?

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China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S.


Reason Why 2013 Stock Prices are in the Stratosphere

Coaching Tip

Let''s normalize this indicator to GDP and see what we have. Margin debt as a percentage of annual GDP is still 10 times the 1974 level. Margin debt is up 100 times in the last 39 years.

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Is GDP the Right Measure of Wealth and Well-Being?

Harvard Business Review

In case you skimmed too fast to get the point, here it is: that favored benchmark of national performance, GDP growth or GDP per capita, is a distortion of reality that guides us to decisions contrary to what people really want. The Legatum people reason that in order for keep the focus on our real priorities, we need to measure the other components of prosperity as carefully as we do GDP, profits, and individual income.

Decades Later The USA Health Care System is Still a Deadly Disease for Our Economy

Curious Cat

of GDP – The Growing Market for International Travel for Medical Care – CEOs Want Health-Care Reform (2009) – Can We Expect the Health Care System in the USA to Become Less Damaging to the Economy? Decades ago W. Edwards Deming named 7 deadly diseases of western management.

Women and the economy: an opportunity for growth

Strategy Driven

As Christine Lagarde, Managing Director of the International Monetary Fund states: if women were employed at the same rate as men, GDP would increase by 5 percent in the United States, by 9 percent in Japan and by 27 percent in India. One of the most strategic challenges remains inexplicably a black hole. It is time to unveil some figures and share thoughts on this hidden treasure: women.

Why Americans Are So Angry Despite America’s Strong Economy

Harvard Business Review

The economy is growing steadily, the unemployment rate is below 5%, and on GDP per capita America still is one of the richest countries in the world. They are doing a good job at turning their GDP into social progress; the U.S.


What a Study of 33 Countries Found About Aging Populations and Innovation

Harvard Business Review

And growth reduces the government’s debt-to-GDP ratio, which facilitates and cheapens future government borrowing. The problem is that population aging is itself a cause for a decline in both GDP and per-capita GDP. The active labor force declines over time, and so does GDP. Accordingly, GDP per capita tends to fall. If the more productive few can produce as much output as the less productive many, GDP will not fall.


Leading Job Growth in the Digital Economy

Harvard Business Review

In most countries, both developed and developing, private employment and median family income have stopped growing at the same pace as labor productivity and real GDP per capita—mostly due, they argue, to technological advances. Courtesy of Manuel Ferrol.

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When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year.

The Real Reason Companies Are Spending Less on Tech

Harvard Business Review

As a percentage of GDP, it’s now back to mid-1990s levels: There’s a version of the chart above in the much - discussed paper that MIT economist David Autor presented last week at the Federal Reserve’s annual Jackson Hole meeting.


The Productivity Challenge of an Aging Global Workforce

Harvard Business Review

Without an acceleration in productivity growth, the rate of global GDP growth is set to decline by 40% from 3.6% The world is aging, and that matters for growth.

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Book Review: The Coming Jobs War

Lead on Purpose

Those things destroy cities, destroy job growth and destroy city GDP. More money, jobs and GDP turns on who is named manager than on any other decision,” says Clifton. “If you were to ask me ‘From all your research, what is the best predictor of new jobs?’ my answer would always be new customers.” Jim Clifton , chairman of Gallup and author of The Coming Jobs War: What every leader must know about the future of job creation , says that what everyone wants is a good job.

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Study in Leadership: Can Matteo Renzi Succeed?


Sovereign debt stands at 133 percent of annual GDP -- among EU member states, only Greece has more. Italy has now suffered through more than two consecutive years of recession. Rome is even €70 billion in debt to companies in Italy.


Jeff Henderson – Catalyst 2013

Ron Edmondson

Charitable giving in US has remained at 2% of GDP since 1970. Jeff Henderson was one of my favorite speakers at this year’s Catalyst Conference. His talk was on what non-profits can learn from for profits. One reason I identify with Jeff is because of his background in the business world. Here are a few thoughts Jeff shared: The solutions non profits are trying to provide aren’t keeping up with the problems they are trying to solve.

Multinationals Have a Bright Future, If You Know Where to Look

Harvard Business Review

According to World Bank data , merchandise trade grew from 16% of global GDP in 1990 to 26% by 2008. Since then, it has been in steady decline and now stands at a little over 21% of global GDP. Political headwinds have almost nothing to do with the inability of merchandise trade to keep up with growth in world GDP. Trade in services has grown steadily from 4% of world GDP in 1990 to 6.7% of world GDP, global stock of FDI is higher today than it has ever been.

The Ice Bucket Challenge Won’t Solve Charity’s Biggest Problem

Harvard Business Review

We must aspire to a statistically significant increase in charitable giving as a percentage of GDP. Charitable giving has remained stuck at 2% of GDP in the U.S. We need an Apollo-like goal that challenges America to increase charitable giving from 2% of GDP to 3% of GDP within the next ten years – and this, in large part, means allowing charities to make the investments in growth that they need (and not withholding donations because we disagree about what those mean).

When Economic Growth Doesn’t Make Countries Happier

Harvard Business Review

We found the expected pattern here: When income inequality in a country was low, on average an increase in GDP per capita was associated with an increase in life satisfaction. When income inequality was high, an increase in GDP per capita was virtually unrelated to life satisfaction.