The phase of "broke" inflation, to me, smacks of the whole austerity approach.
The single most important number is quarterly growth rate. In a recession, the growth rate can easily be -1%, which means we're producing one percent less goods and services than the same quarter last year. An advanced modern economy can have a healthy sustainable growth rate of 3%. Emerging economies like China can have higher growth rates.
these are my own views, I'm not an economist either!
The single most important number is quarterly growth rate. In a recession, the growth rate can easily be -1%, which means we're producing one percent less goods and services than the same quarter last year. An advanced modern economy can have a healthy sustainable growth rate of 3%. Emerging economies like China can have higher growth rates.
these are my own views, I'm not an economist either!
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