Quartz announces a new way to measure the global economy called Quartz Index

With its new product Quartz Index, Quartz wants to offer a new alternative to GDP for measuring the global economy. Quartz Index is an interactive, regularly updating dashboard that offers “an unconventional but more comprehensive picture of the big numbers driving the world economy.” Instead of focusing on GDP or stock markets, Quartz Index looks at other indicators, such as the number of Bitcoin transactions per day, the number of countries with negative interest rates, or the average London home price. Quartz editor-in-chief Kevin Delaney explains: “When you cover or read business news, a lot of the numbers we look at have limited meaning because they’re quasi-directional, but don’t say much about what’s going on underneath the surface. We’ve chosen some things that are a proxy for where things are headed.”