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Rise of service-based economies highlights flaws in GDP data

By Matt Smith
GDP figures often make headlines, but they are a 'crude measure of overall economic performance', experts say ReCemrecan Yurtman/Unsplash
GDP figures often make headlines, but they are a 'crude measure of overall economic performance', experts say

Methodology dates back to WWII

Hard to capture services growth

Implications for Gulf policymakers

This month Dubai made headlines across regional media as the emirate announced its gross domestic product grew 3.3 percent in the second q...

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