Wednesday, 19 October 2016

Economist article describing the size of the informal economy e.g. "4% GDP" in Europe

Bringing light to the grey economy

Mostly this article bemoans the loss of tax revenue and discusses how easy it will be to avoid it in the future, but in passing it hints at the importance of the informal economy -- and this does not include all the unpaid work people do (housework, child caring etc.).