News Coverage and Gross Domestic Product

: There are many ways a province can measure its economic success, according to Brandon Sun. The method used most often in news coverage is to measure growth in gross domestic product. And if you’re not laughing yet, it sometimes helps to explain where the joke is coming from. This is usually expressed as a percentage, discounting inflation. In a market economy, growth is good because it means returns for pension investments, it means new jobs for new adults and new immigrants, and it usually means higher living standards. In post-industrial western economies, growth of zero to one per cent is weak, two to three per cent is considered fair, and north of three per cent is usually seen as healthy. (www.immigrantscanada.com). As reported in the news.