Former IMF Economist, Economic Consultant to South Sudan, and Senator in the Parliament of Dominica, Dr Thomson Fontaine is sharing some insights on the importance of measuring a country’s Gross Domestic Product (GDP). Dr. Fontaine was appointed Senior Economic and International Policy Adviser to the government of South Sudan, Africa, several months ago, where he has engaged in the critically important role roles of attempting to stabilize the economy of a country that has been riddled with wars. He says the analysis of a country’s production is vital in recognizing the economic direction in which it is heading.He referenced a few examples of economic production vis a vis the cost of the products being produced. Dr. Fontaine says they use ‘sectoring of the economy’, where they break it up into sectors, like the manufacturing and Agri culturing sector, andmeasure the output of the businesses engaged in those sectors, andascertain whether what they produce is equivalent to what is consumed. Dr. Fontain also went into brief detail of how the growth rate of a country is measured, which is critical in analyzing the progress of that country. Dr Fontaine then explained the true purpose of GDP, which gives a clear depiction of a country’s economic status. Former IMF economist, Senator in the Parliament of Dominica, and Senior Economic and International Policy Adviser to the government of South Sudan, Dr. Thomson Fontaine.
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Q95 NewsCurrent and past news stories. Archives
April 2024
Categories |