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--- 0_public:metrics:gdp [2024/12/09 21:50] – removed - external edit (Unknown date) 127.0.0.1
+++ 0_public:metrics:gdp [2024/12/09 21:50] (current) – ↷ Page moved from 0_public:macro:gdp to 0_public:metrics:gdp pointnm
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+====== GDP ======
+  * higher GDP growth has historically coincided with higher oil consumption growth[(:ref:fisher_investments_energy)]
+Strong GDP growth historically leads to a corresponding increase in oil demand, thus increasing prices (when holding supply constant). [(:ref:fisher_investments_energy)]
+The kingdom’s reductions in output in recent months helped push prices above $90 a barrel until recently, but they’re also likely to trigger a contraction in gross domestic product this year.
+As mentioned previously, industrial activity makes up a much larger percentage of GDP in certain developing economies than in many developed economies. Thus, surging eco- nomic growth in China will have a much larger effect on oil demand growth than surging economic growth in Europe or the US. [(:ref:fisher_investments_energy)]
+===== What is Economic Growth? =====
+Economic growth refers to an increase in the size of a country's economy over a period of time. The size of an economy is typically measured by the total production of goods and services in the economy, which is called gross domestic product (GDP).
+===== Brazil GDP =====
+A proxy for commodity exporters throughout the world.
+[[https://www.bloomberg.com/graphics/world-economic-indicators-dashboard/#xj4y7vzkg|bloomberg.com/world-economic-indicators-dashboard]]