This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on. In addition to reducing the frequency (perhaps a three-month rolling average) should we instead focus on per-capita rather than headline and perhaps GNI instead of GDP? Would kill importation of cheap labour. I appreciate that markets look 12-18 months ahead but how much of these rises are based on genuine optimism for the world economy in the short term or are we seeing an unsustainable bubble, in your opinion? When you say burning 3.1 GW of gas, is the the output in electricity?