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I hate this title. It makes it seem to people that our economy shrank when in fact, it just grew bigger less fast. To me its just as egregious as headlines sayi
by SubiculumCode 4y ago
I hate this title. It makes it seem to people that our economy shrank when in fact, it just grew bigger less fast. To me its just as egregious as headlines saying that inflation in April is 7% or whatever, leading the less informed to think that inflation grew by 7% in a single month, not on an annual basis.
- radford-neal 4y agoFirst words of article: "The U.S. economy shrank at a 1.4% annual rate in the first quarter". That's an actual shrinkage, not a lower rate of growth. "Inflation in April was 7%" is indeed a frequent misleading/ambiguous phrase. They should say, "consumer prices rose in April at a 7% annual rate", or say "consumer prices increased by 0.6% in April", though constant incorrect usage might lead people to misinterpret the latter.