4 ms·

2% is not the opposite of suffering. It's suffering-adjacent. It loses ground to China.

jfengel 5mo ago
The US GDP per capita is still well ahead of China. The fact that China is catching up is not a problem for the US. On its own terms, 2% isn't great. It's kind of the bare minimum. Anything less is losing ground in absolute terms, since that's the target for inflation as well. That's also assuming the number is trustworthy. The number is a mediocre metric to start with, and I don't trust the administration to be calculating it correctly. They have shot the messenger more than once, after which the messages started to improve with no change in policy. I would also not that China's numbers are even more opaque and less reliable.
- dlahoda 5mo ago
  GDP per Capita is average which is also misleading.
- paulddraper 5mo ago
  To be clear, the 2% number was real growth, ie accounting for inflation
  - jfengel 5mo ago
    Ah. 2% real growth is fine. Not outstanding, but a reasonable level of gradual improvement for a developed economy. China's sustained growth from a developing economy points to a bright future where they install more up to date infrastructure. The US is failing to keep up. But it's an investment it could choose to make any time... if it could focus.
paulddraper 5mo ago
Real GDP growth in Q4 was 0.5%, so it’s a heck of a lot better than that. 2% is average for past decade+.
- TurdF3rguson 5mo ago
  Sure but China had double digit numbers for decades. 2% doesn't cut it unless you want your grandkids speaking Mandarin.
  - infamia 5mo ago
    China hasn't seen 10% GDP growth for 15 years. It will likely fall in the 4-5% range this year as it was last year. China has a self-inflicted population decline problem that the U.S. doesn't, which will weigh on China's future growth prospects. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
  - nradov 5mo ago
    Are China's numbers accurate? They've clearly had huge growth over the past few decades but the economic statistics are heavily manipulated at all levels and the raw data is kept secret. Top-down external estimates generally put real growth rates a bit lower.
  - deleted 5mo ago
    [deleted]

The US GDP per capita is still well ahead of China. The fact that China is catching up is not a problem for the US. On its own terms, 2% isn't great. It's kind of the bare minimum. Anything less is losing ground in absolute terms, since that's the target for inflation as well. That's also assuming the number is trustworthy. The number is a mediocre metric to start with, and I don't trust the administration to be calculating it correctly. They have shot the messenger more than once, after which the messages started to improve with no change in policy. I would also not that China's numbers are even more opaque and less reliable.

dlahoda 5mo ago
GDP per Capita is average which is also misleading.
paulddraper 5mo ago
To be clear, the 2% number was real growth, ie accounting for inflation
- jfengel 5mo ago
  Ah. 2% real growth is fine. Not outstanding, but a reasonable level of gradual improvement for a developed economy. China's sustained growth from a developing economy points to a bright future where they install more up to date infrastructure. The US is failing to keep up. But it's an investment it could choose to make any time... if it could focus.

paulddraper 5mo ago

Real GDP growth in Q4 was 0.5%, so it’s a heck of a lot better than that. 2% is average for past decade+.

TurdF3rguson 5mo ago
Sure but China had double digit numbers for decades. 2% doesn't cut it unless you want your grandkids speaking Mandarin.
- infamia 5mo ago
  China hasn't seen 10% GDP growth for 15 years. It will likely fall in the 4-5% range this year as it was last year. China has a self-inflicted population decline problem that the U.S. doesn't, which will weigh on China's future growth prospects. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
- nradov 5mo ago
  Are China's numbers accurate? They've clearly had huge growth over the past few decades but the economic statistics are heavily manipulated at all levels and the raw data is kept secret. Top-down external estimates generally put real growth rates a bit lower.
- deleted 5mo ago
  [deleted]