how can economic growth be measured 
the most popular metric used to track economic growth is the gross domestic product gdp the rate at which gdp grows on a year to year basis is a common indicator used to measure economic growth over time the bottom lineeconomic forecasting is a process by which policymakers businesses and individuals can predict future characteristics of the economy forecasting is based on an analysis of key metrics and indicators such as unemployment inflation sales consumer confidence and more forecasting is vulnerable to bias and subjectivity therefore economic forecasting can occasionally fail to properly judge potential economic headwinds or to accurately predict the onset of financial crises 