minus-squarediablexical@sh.itjust.workstoNews@lemmy.world•‘Mega-layoffs’ under Trump as corporations have cut 1 million jobs this year—most since 2003linkfedilinkarrow-up1·22 days agoWe’re not in a recession because imports are subtracted from GDP. Since Imports have plummeted with tariffs, gdp data gives the false impression of a growing economy. Had imports been unchanged we would’ve had negative GDP reported. linkfedilink
We’re not in a recession because imports are subtracted from GDP. Since Imports have plummeted with tariffs, gdp data gives the false impression of a growing economy. Had imports been unchanged we would’ve had negative GDP reported.