Normal people associate recession with their own lives getting shittier. That used to happen when the GDP shrunk multiple quarters in a row. Now wealth inequality has enabled regular peoples’ lives to get shittier even with a rising GDP. So the official recession definition has lost all meaning for regular folk.
Normal people associate recession with their own lives getting shittier. That used to happen when the GDP shrunk multiple quarters in a row. Now wealth inequality has enabled regular peoples’ lives to get shittier even with a rising GDP. So the official recession definition has lost all meaning for regular folk.