>Gross National Product (GNP) – a measure of economic activity that excludes the profits of multinationals – rose by 2.1%.
For now..
>However, he noted the challenging macroeconomic environment highlighting that “a number of indicators suggest that momentum has eased in the third quarter while the outlook over the coming quarters has weakened considerably”.
i don’t think this growth is something that is reflected on citizens
Wait until all those sky high gas and power bills start come in. The economy will be booming then, well on paper anyway.
unlimited growth forever. choo choo
Hold on a second tho if inflation is at 9.1 percent and GDP growth at 1.8 percent, hasn’t the economy realistically shrunk 7.3 percent?
Oh good….grote
There are a significant amount of businesses that will just shut up shop in the next few months as they will simply not be able to operate with the increased energy costs.
Batten down the hatches folks , things are about to get alot rockier over the next while.
9 comments
And before people start whining about GDP:
>Gross National Product (GNP) – a measure of economic activity that excludes the profits of multinationals – rose by 2.1%.
For now..
>However, he noted the challenging macroeconomic environment highlighting that “a number of indicators suggest that momentum has eased in the third quarter while the outlook over the coming quarters has weakened considerably”.
i don’t think this growth is something that is reflected on citizens
Wait until all those sky high gas and power bills start come in. The economy will be booming then, well on paper anyway.
unlimited growth forever. choo choo
Hold on a second tho if inflation is at 9.1 percent and GDP growth at 1.8 percent, hasn’t the economy realistically shrunk 7.3 percent?
Oh good….grote
There are a significant amount of businesses that will just shut up shop in the next few months as they will simply not be able to operate with the increased energy costs.
Batten down the hatches folks , things are about to get alot rockier over the next while.