Italy lifts out of recession thanks to hookers, drugs: Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure. : worldnews
Episode (GDP) {BTS} [GDT]E000 (GDP)E001 (9)E002 (6)E003 (GDP)E004 (2)
Employment by major industry sector : U.S. Bureau of Labor Statistics
Employment by major industry sector : U.S. Bureau of Labor Statistics
Citi GPS Report Estimates $16T in Lost GDP Due to Racial Inequality in the U.S.
Because money will have less value in the future, there is an incentive for consumers to spend instead of stashing it away, and this incentive plays a key role in ensuring a healthy economy.
However if we didn't revise the data we would get unrealistic results.
It is strongly related to cost-push inflation and demand-pull inflation, as the three types of inflation are the major determinants of the current inflation rate.