Anyone who is worrying whether or not we are in (or will be in) a #recession this year & into 2024 is missing the larger picture....
#economic activity in the UK has largely stagnated, with the data oscillating around figures of less than 1% GDP growth.
leaving aside issues of the utility of GDP as a measure & if growth is what we need (often discussed in my timeline), the key thing is the UK's economy is in a parlous state after over a decade of government by the rentier class.
#GTTO
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-12-23 08:52:07
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-12-23 08:52:07Event JSON
{
"id": "a7245da36d5d70a22c490ef1334305720e150ecff0591fea262edb1d662b22d0",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1703321527,
"kind": 1,
"tags": [
[
"t",
"recession"
],
[
"t",
"economic"
],
[
"t",
"gtto"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/111628879628416985",
"activitypub"
]
],
"content": "Anyone who is worrying whether or not we are in (or will be in) a #recession this year \u0026 into 2024 is missing the larger picture.... \n\n#economic activity in the UK has largely stagnated, with the data oscillating around figures of less than 1% GDP growth.\n\nleaving aside issues of the utility of GDP as a measure \u0026 if growth is what we need (often discussed in my timeline), the key thing is the UK's economy is in a parlous state after over a decade of government by the rentier class.\n\n#GTTO",
"sig": "e3438e5cc6d301822f005d5b88755e5f0cb3239a1d4393bc56075bc7fbbb79fd36cc7d85edeb83ad182c7b14677bd12cda43b3c86b42b66b040b183a0a9d01f5"
}