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by Izkata 1327 days ago
People typically use the "Real GDP" (adjusted for inflation) when making that argument: https://fred.stlouisfed.org/series/GDPC1

It did shrink for two quarters in a row, Q1 and Q2 2022. Q3 went back up.

Here's a "Real GDP percent change" graph that makes it easier to see: https://fred.stlouisfed.org/series/A191RL1Q225SBEA