3 ms·
Recession definition is 2 quarters of negative GDP. We're minimum 3 month away. The Gross Domestic Product (GDP) in the United States was worth 20936.60 billio
by incomingpain 5y ago
Recession definition is 2 quarters of negative GDP. We're minimum 3 month away.
The Gross Domestic Product (GDP) in the United States was worth 20936.60 billion US dollars in 2020
Down from 21433 billion.
https://tradingeconomics.com/united-states/government-debt https://tradingeconomics.com/united-states/government-debt
We also know government debt increased by $4trillion.
We can't look at GDP growth or Real GDP or GDP per capita when considering recessions.
We should be looking at: Real-GDP-net-of-debt.
If we do that... the economies collapsed in 2009 and have never recovered. The incoming economic depression of these high debt countries are going to reshape the world.
https://www.businessinsider.com/us-economy-debt-2012-6 https://www.businessinsider.com/us-economy-debt-2012-6
https://www.imf.org/en/Publications/WP/Issues/2022/04/29/Public-Debt-and-Real-GDP-Revisiting-the-Impact-517449 https://www.imf.org/en/Publications/WP/Issues/2022/04/29/Pub...