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by dinkblam 700 days ago
so 2.8% is "healthy" for the US, but 5.3% for China is a "disaster"...
3 comments

The countries operate very differently, so yes, it's possible to view it that way and have it be a logical statement.
It all depends on the size you are starting at and your population size.
And expectations. If the US was coming off a year of, say 3.2% growth, or if the fed predicted 3.1% (I love how they never include margins of error) then this wouldn't be such a rosy picture.
I don't know if the Fed themselves gives margins of error, but the GDPNow indicator the Atlanta Fed puts out (https://www.atlantafed.org/cqer/research/gdpnow) also includes ranges for industry forecasts. In this case it seems we were above even the most optimistic expectations.
I'm not sure how much people really trust the numbers coming out of Authoritarian countries.

There is also individual context to account for. Healthy metrics for a 20yo vs 80yo are very different