Simon Lucy on Nostr: nprofile1q…s60lz Growth that's less than inflation is bound to be shrinkage, that's ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msas60lz (nprofile…60lz)
Growth that's less than inflation is bound to be shrinkage, that's been true since around mid-2016 (I wonder why that is). That's simplistic of course.
I (whoever I think I am) predicted recession after leaving and, across a background of global recession, depression for large parts of the UK.
One factor that jiggled that was the pandemic which inflated one particular part of the global economy and suppressed the rest. Sustainable growth is hard, we continue to self harm.
Growth that's less than inflation is bound to be shrinkage, that's been true since around mid-2016 (I wonder why that is). That's simplistic of course.
I (whoever I think I am) predicted recession after leaving and, across a background of global recession, depression for large parts of the UK.
One factor that jiggled that was the pandemic which inflated one particular part of the global economy and suppressed the rest. Sustainable growth is hard, we continue to self harm.