jan 5, 1944 - Since then, GDP has become something of a talisman. When GDP is growing, i t gives people and companies hope, and when it declines, governments pull out all the policy stops to reverse the trend. Although there were crises and setbacks, the story of the overall global economy was one of growth, so the notion that GDP growth is good, reigned supreme.
Added to timeline:
Date:
jan 5, 1944
Now
~ 81 years ago