If I truly believed the average of GDP + GDI (and I mostly do believe it) then one could reasonably describe the economy as having been in recession for some time, but a very very strange recession with strong employment gains and low unemployment–so a productivity decline. — Jason Furman (@jasonfurman) May 25, 2023
The post I remain puzzled, but more are flirting with this idea… appeared first on Marginal REVOLUTION.
If I truly believed the average of GDP + GDI (and I mostly do believe it) then one could reasonably describe the economy as having been in recession for some time, but a very very strange recession with strong employment gains and low unemployment–so a productivity decline.
— Jason Furman (@jasonfurman) May 25, 2023
The post I remain puzzled, but more are flirting with this idea… appeared first on Marginal REVOLUTION.
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