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Absolute numbers matter but growth m, or lack thereof, also matters for the future. If the economy isn’t growing it’s actually shrinking due to inflation.
by jjallen 2y ago
Absolute numbers matter but growth m, or lack thereof, also matters for the future. If the economy isn’t growing it’s actually shrinking due to inflation.
- antimemetics 2y agoDo most AI startups produce something of sustainable, lasting value ?
- supermatt 2y agoSure, but you cant take a SINGLE YEAR and extrapolate that for the future. If you look at the previous year Germany had 20% more growth than the UK - which they tout as having more than 2.5x the AI startups. If you look at growth since pre-covid times the German economy has grown at the same rate as the UK - even accounting for the Russian energy crisis, on which Germany was HIGHLY dependent. Germany has been mostly stable throughout, while the UK was hit hard through COVID and has simply recovered. The whole article is just a load of hot air.
- deleted 2y ago[deleted]
- mytailorisrich 2y agoGDP per capita is more telling, IMHO. Major European countries are encouraging high immigration to boost overall GDP numbers but the result is higher population growth than GDP growth. Ie. GDP per capita is decreasing and hence, in reality people are getting poorer. For instance, it seems that Germany's population grew by more than 0.4% in 2023 (between 0.5 and 0.8% from what I can find online)... Certainly, in the UK's case the GDP growth is only due to the frantic influx of people but GDP per capita is going down.