Here’s why Spanish GDP is rising – they’ve included illegal activities!
How to quickly make the national economy appear to be improving ahead of an election? Why, fiddle the figures of course. In this case, Rajoy’s government has decided that to improve the PIB (the gross domestic product, GDP) of Spain, they’re going to included guesstimates of illegal drug sales and prostitution. They’re also going to include spending on R&D, something that normally isn’t included. In all, the illegal activities bit bump up the Spanish PIB Continue reading Here’s why Spanish GDP is rising – they’ve included illegal activities!