Well, that staves off the technical recession for another half-year.
It does point out the difference between the technical recession indicators and what people feel. We had similar results a year ago, and the incumbent government was destroyed for it.
Unfortunately measuring that "what people feel" component is really hard. It often presages a technical recession, but like all economic indicators it has predicted 17 of the last 4 recessions.
It does point out the difference between the technical recession indicators and what people feel. We had similar results a year ago, and the incumbent government was destroyed for it.
Unfortunately measuring that "what people feel" component is really hard. It often presages a technical recession, but like all economic indicators it has predicted 17 of the last 4 recessions.