Lootman wrote:mc2fool wrote:However you define it? Well, how do you define it and, more importantly, which quantitative measure do you propose should be used to know if your prediction that the economy will grow will come true or not. You've already pooh-poohed GDP/GNP/GNI, so which instead?
That is really a question for the OP since he introduced the idea of the UK economy growing or not, so presumably he had a definition in mind. For the purpose of this topic I assumed he meant the headline rate of growth that is often reported in the media. In any event I am happy to go with his presumed definition for this discussion only, and I am not sure his investigation will be helped by a detailed and arcane discussion about other definitions.
No, it was a question to you. Given that a large number of your posts in this thread have been decrying what you previously referred to as "traditional" measures of the economy, you have clearly not accepted that for the purposes of the discussion in this topic it meant the headline rate of growth that is often reported in the media. The media reports what the ONS uses, and that is GDP.