Anyone who's time horizon is longer than 6 months will be less concerned that we have 'slipped' into a technical recession, than what this more widely reflects is over two years of economic stagnation.
The slip into negative GDP growth is merely an oscillation around general zero growth, which just happens, for two quarters in a row, to have registered below zero (but well within the statistical margin of era).
On one level, hardly a deep recession, on the other confirmation of stagnation!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-02-16 06:32:46
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npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-02-16 06:32:46Event JSON
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