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> The contraction comes after the economy grew by 5.5 percent in 2021, and by 6.9 percent in the final quarter of 2021 alone. 1.4% doesn't sound like much, is
by Xeoncross 5y ago
> The contraction comes after the economy grew by 5.5 percent in 2021, and by 6.9 percent in the final quarter of 2021 alone.
1.4% doesn't sound like much, is this really cause for alarm after how fast we've been growing?
- glofish 5y agoit is bad because the population is growing, so when you factor that in, per individual the decrease is much larger. 5% growth is when everything is kinda normal and 25% of people/businesses barely get by. -5% growth is when most people and 75% of businesses/people cannot get by (all percentages are my gut check estimates but based on some empirical data)
- tomatowurst 5y agoyes because our current economy is leveraged which means even the slightest deviations in key figures like this would send ripple effects. If you keep the interest rate low long enough people will just borrow themselves to no end.