| 21.5°C Dublin

Close

Premium


Burgernomics is by far the best indicator of how we’re faring

Sinead Ryan


Close

A McDonald's burger is at the centre of the Big Mac Index, which was created by 'The Economist' magazine

A McDonald's burger is at the centre of the Big Mac Index, which was created by 'The Economist' magazine

A McDonald's burger is at the centre of the Big Mac Index, which was created by 'The Economist' magazine

Anyone paying their electricity bill or shopping for groceries doesn’t need to be taught about inflation. Nor do they need the relentless economic analysis to hammer home the effect of what Ronald Reagan called the “violent mugger – as deadly as a hitman”.

There are myriad economic indices that predict and project everything from house prices to exchange rates based on complicated mathematics. Many of them ‘track’ an imaginary basket of goods. Most are dreadfully dull; not for nothing is economics known as the dismal science.


Most Watched





Privacy