The coronavirus pandemic is set to rob the global economy of more than $5 trillion of growth over the next two yearshttps://trib.al/65StRJW
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Wouldn't change much by changing measuring. Recessions would still feel the same. Booms would still feel the same too. Just the response might be different and less accurate.
If the focus was on health and happiness for all rather than disproportionately and ridiculously high wealth for some the world would be very different.
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For us we would be fine for 10 to 20 years maybe but for Africa, Latin America and India. Places with a lot of poverty. They need to grow and as fast as possible. So they can alleviate poverty. You don't grow fast striving for happiness and health. Plus happiness is subjective.
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