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re: US officially enters recession - GDP contracted by 0.9% in Q2.
Posted on 7/28/22 at 10:59 am to Mo Jeaux
Posted on 7/28/22 at 10:59 am to Mo Jeaux
quote:
In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
That literally matches my statement.
A reduced growth rate =! economic contraction.
3
Posted on 7/28/22 at 11:03 am to Volvagia
quote:
That literally matches my statement.
A reduced growth rate =! economic contraction.
quote:
“Stagflation is recession accompanied by inflation,”
Posted on 7/28/22 at 11:04 am to Volvagia
The unemployment rate isn't high. Even the U6 (7.0%) is below the average of (10%).
What do we call that? Stupidflation gets my vote
What do we call that? Stupidflation gets my vote
Posted on 7/28/22 at 11:05 am to Volvagia
quote:
A reduced growth rate =! economic contraction.
We aren't just seeing a reduced growth rate though. We've seen two consecutive quarters of actual GDP contraction.
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