Are we suffering from a growth delusion?
In this week’s Spring Statement, Philip Hammond described himself as positively tiggerish about the economic news he was bringing to the House of Commons. His upbeat mood was, in large part, thanks to a minuscule uptick in the Office for Budget Responsibility’s growth forecasts for the next five years.
It’s a reminder of just how central GDP is to the decisions politicians and policymakers make, as well as just how little thought most of us put into what is behind this all-important number. That makes this week the perfect time to talk to David Pilling, the Financial Times’s Africa Editor and…
The skinny
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