Published: September 07, 2022
The GDP recovery looks strong, but it’s largely driven by households dipping into savings. Meanwhile, company profits are exploding
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I’m not sure any GDP figures have better demonstrated my maxim “you can’t eat GDP” than the June quarter numbers released on Wednesday.
On the surface the 0.9% quarterly growth and 3.6% annual growth is very strong.
Continue reading...from The Guardian https://ift.tt/GhZwC5s
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