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so 2.8% is "healthy" for the US, but 5.3% for China is a "disaster"...
by dinkblam 2y ago
so 2.8% is "healthy" for the US, but 5.3% for China is a "disaster"...
- washedup 2y agoThe countries operate very differently, so yes, it's possible to view it that way and have it be a logical statement.
- brigadier132 2y agoIt all depends on the size you are starting at and your population size.
- passwordoops 2y agoAnd expectations. If the US was coming off a year of, say 3.2% growth, or if the fed predicted 3.1% (I love how they never include margins of error) then this wouldn't be such a rosy picture.
- robotcapital 2y agoI don't know if the Fed themselves gives margins of error, but the GDPNow indicator the Atlanta Fed puts out (https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow) also includes ranges for industry forecasts. In this case it seems we were above even the most optimistic expectations.
- verdverm 2y agoI'm not sure how much people really trust the numbers coming out of Authoritarian countries. There is also individual context to account for. Healthy metrics for a 20yo vs 80yo are very different