I personally don't think we should be so beholden to the GDP as the ultimate indicator for the health of any nation. It should be one of many. NBER states it i

I personally don't think we should be so beholden to the GDP as the ultimate indicator for the health of any nation. It should be one of many. NBER states it is 'declined economic activity' leaving the door open for interpretation by many economists. https://www.nber.org/research/business-cycle-dating https://www.nber.org/research/business-cycle-dating BEA (as referenced from the article): https://www.bea.gov/news/blog/2022-07-28/gross-domestic-product-second-quarter-2022 https://www.bea.gov/news/blog/2022-07-28/gross-domestic-prod... FRED chart, to give perspective that the real GDP dip is very slight: https://fred.stlouisfed.org/series/GDPC1 https://fred.stlouisfed.org/series/GDPC1