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Yes, it is different - the economy is in the dumpster. Official reports herald 1-2% GDP growth rate, but if you realize the inflation is more like 5-6% rather

by jazzyk 10y ago

Yes, it is different - the economy is in the dumpster. Official reports herald 1-2% GDP growth rate, but if you realize the inflation is more like 5-6% rather than the official 2% , the economy has, in reality been contracting.

achompas 10y ago
These growth rates touted in newspapers etc. are always adjusted for inflation. Source: I worked on these forecasts for 2 years.
- jazzyk 10y ago
  That was exactly my point - they are adjusted for 2% inflation, not the actual 5% inflation.