4 ms·
Dotcom bust only ever rose to 40% as well. The thing is, GDP was measured around 6.7% previous. The most recent GDP was at 2%, much lower than expected. To en
by sleepysysadmin 5y ago
Dotcom bust only ever rose to 40% as well.
The thing is, GDP was measured around 6.7% previous. The most recent GDP was at 2%, much lower than expected.
To enter recession, you need 2 consecutive quarters of negative growth. Technically covid had a short recession that got immediately erased by 33.8% gdp growth.
If the USA is headed to a recession, it will be april before we find out. It also has to go negative during a xmas spending spree post-covid stuff? That sounds pretty unlikely.
Is inflation going to blow up past GDP? Oh for sure.