2 ms·
It's not even really that, I think; given that it's nominal GDP, it's likely mostly currency fluctuations, likely taken at end of 2024. If so, the nominal GDP s
by rsynnott 2y ago
It's not even really that, I think; given that it's nominal GDP, it's likely mostly currency fluctuations, likely taken at end of 2024. If so, the nominal GDP situation has likely reverted, as the dollar has fallen about 9% vs the yen since the start of the year.
This is one of the reasons that nominal GDP isn't all that useful a metric.