Recession simply means the rate of change of GDP is negative. Hence if GDP falls by 10% and then remains constant, recession has ended. A technical term like GDP should not be used as an indicator of people’s feeling of well being. A famous example is that GDP can be increased if wives demand salary from husbands (for house work) and husbands yield to the demand and pay. Adds nothing to value of goods/services but brings it under accounting for GDP.
George Soros basically stated today he believes we may see positive GDP in the 3rd or 4th quarter this year, but it’s only temporary due to gov’t spending and the resultant consumer confidence multiplier.
He sees very slow growth well into the next decade once the gov’t money runs out.
George Soros basically stated today he believes we may see positive GDP in the 3rd or 4th quarter this year, but it’s only temporary due to gov’t spending and the resultant consumer confidence multiplier.
He sees very slow growth well into the next decade once the gov’t money runs out.
George Soros basically stated today he believes we may see positive GDP in the 3rd or 4th quarter this year, but it’s only temporary due to gov’t spending and the resultant consumer confidence multiplier.
He sees very slow growth well into the next decade once the gov’t money runs out.
George Soros basically stated today he believes we may see positive GDP in the 3rd or 4th quarter this year, but it’s only temporary due to gov’t spending and the resultant consumer confidence multiplier.
He sees very slow growth well into the next decade once the gov’t money runs out.
