Our autumn forecast for 2024 and 2025: The Austrian economy remains in recession. After -1% in the previous year, GDP will shrink by 0.6% this year. There will be slight growth of 1% in 2025. www.wifo.ac.at/en/news/rece...
"The last six months of steady job growth has been plenty enough to keep the American labor market firmly out of recession territory, economists say, especially as GDP growth remains hardy, productivity is strong and consumers continue to spend." - Washington Post Thanks Joe
I wonder how much of the GDP would be hurt England or the UK as a whole, by even trying to reach net zer.
Genuine Progress Indicator (GPI) is certainly more effective than GDP. At the bare minimum you should be using real GDP over nominal GDP.
Last week's GDP report dovetails with this week's good news, too: www.msnbc.com/rachel-maddo...
NASA’s budget is currently ~0.5% of GDP. At the height of our most successful efforts at reaching for the stars, the Apollo program, it as almost 10x higher. The issue isn’t regulation, it’s priorities. I’m not convinced that crewed interplanetary travel should be at the top of our list. 🧪
And everyone kept expecting the economy to struggle. So No downward GDP revision, no anemic jobs reports. Time to restart the party on Wall Street. Or for Trump to whine about inflation...
Still waiting for the 6% annual GDP growth for a decade that trump promised would pay for the '17 tax cuts. Course we don't have the workers to create that sort of growth (0.9 unemployed persons for every job opening). But deporting 25 million people will create more workers somehow, right?
As Election Day 2024 approaches, Republicans want voters to believe the economy is terrible. Reality, however, keeps getting in the way of GOP talking points. Take the latest job and GDP numbers, for example. www.msnbc.com/rachel-maddo...
As Election Day 2024 approaches, Republicans desperately want voters to believe the economy is terrible. Reality keeps getting in the way.
my replicant test is whether they crow on social media about increasing GDP/employment when a democrat is in the white house