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> Shrinking GDP is very hard to pull off. ??? We easily managed this year.
by guenthert 6y ago
> Shrinking GDP is very hard to pull off.
??? We easily managed this year.
- marcusverus 6y agoWe (in the US) had to add $3.3 Trillion in new debt spending to stave off an economic disaster. That's not what I'd call 'easily managed'.
- KMag 6y agoToo many years of declining GDP, and the government becomes a credit risk, forcing it to pay higher yield on the bonds it issues. Running government services on a balanced budget while GDP is still declining is tough. Shrinking GDP one year is much different from it becoming the norm.
- fleischhauf 6y agoI wouldnt call a global pandemic easy..