Have We Been in Recession for Years?

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2024-07-09 15:42:20 - Translate -

This is because official growth numbers are discounted by inflation. If growth was 3% but inflation was 2%, we grew. If inflation was actually 4%, we shrank. That means that if inflation was actually worse than 35% — if, say, it was the 50% that grocery receipts say — that would put us near Depression levels with a 13% drop in real GDP since pre-Covid
https://www.activistpost.com/2024/07/have-we-been-in-recession-for-years.html

This is because official growth numbers are discounted by inflation. If growth was 3% but inflation was 2%, we grew. If inflation was actually 4%, we shrank. That means that if inflation was actually worse than 35% — if, say, it was the 50% that grocery receipts say — that would put us near Depression levels with a 13% drop in real GDP since pre-Covid https://www.activistpost.com/2024/07/have-we-been-in-recession-for-years.html

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Have We Been in Recession for Years? - Activist Post

if inflation was actually worse than 35% — if, say, it was the 50% that grocery receipts say — that would put us near Depression levels

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