Britain’s statisticians fix a blunder and find a bigger economy | 17 affordable US cities attracting real-estate investors and developers for rent increases, price appreciation, jobs growth, and lower property taxes, according to an investment property expert | Invasive species cost the world $423 billion every year and are causing environmental chaos, UN report finds | CNN

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Don't like ads? Go ad-free with TradeBriefs Premium Britain's statisticians fix a blunder and find a bigger economy    REVISIONS TO ECONOMIC data are common. It’s rare that tweaks to already published figures make big news. But then it’s also rare for statisticians at the Office for National Statistics (ONS), the body that produces Britain’s official data, to make dramatic adjustments. Last week, in effect, they found almost two percentage points’ worth of GDP hidden behind a sofa. In an update on September 1st, the ONS rewrote Britain’s recent economic history. Previously official data had shown the economy, at the end of 2021, to be still 1.2% below its pre-pandemic size. Now it reports that national output at the time was in fact 0.6% higher. As the government has been quick to point out, the revisions make a notable impact on Britain’s performance relative to its peers. For much of the past two years Britain had appeared to be a global laggard, with the weakest growth of any of the G7 group of leading rich economies. After the revisions the performance, if hardly stellar, looks more respectable. Britain has been outgrowing Germany, for example, and has achieved a pace comparable to that of France (see chart). GDP numbers are always subject to revision as more information becomes available and they should, in theory at least, grow more accurate as time moves on. The latest updates mark a large absolute adjustment, but are not unusual in proportion to the underlying changes in GDP to which they relate. The magnitude of the swings in national output in 2020 and 2021 was without recent precedent. For that reason, proportionally normal revisions add up to big changes in the headline figures. Even without the wild gyrations in GDP, the pandemic was a tricky time for compiling data. For example, with many workers trapped at home, firms did not make it a priority to fill in forms for official statisticians. Continued here 17 affordable US cities attracting real-estate investors and developers for rent increases, price appreciation, jobs growth, and lower property taxes, according to an investment property expert    The real-estate market might seem less attractive at a time when mortgage rates are elevated and home prices also remain high. But it doesn't mean that buyers should stay away altogether. Dan Hnatkovskyy, the CEO and co-founder of NewHomesMate, an online marketplace for newly constructed homes that connects buyers and investors to builders, says you should consider gathering as much information as possible when deciding where to buy. One way to do this is by following experienced investors. Hnatkovskyy's team is regularly in touch with large real-estate investment trusts interested in single-family homes to determine what they are looking for and where they are buying and selling. Continued here Invasive species cost the world $423 billion every year and are causing environmental chaos, UN report finds | CNN    Invasive species cost the world at least $423 billion every year as they drive plant and animal extinctions, threaten food security and exacerbate environmental catastrophes across the globe, a major new United Nations-backed report has found. Human activity - often through travel or global trade - is spreading these animals, plants and other organisms in new regions at an "unprecedented rate," with 200 new alien species being recorded every year, leading scientists said. Of 37,000 alien species known to have been introduced around the world, 3,500 are considered harmful and pose a "severe global threat" by destroying crops, wiping out native species, polluting waterways, spreading disease and laying the groundwork for devastating natural disasters. Continued here

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