Maybe not. It turns out that with government spending forming such a large portion of GDP, the small rise in GDP last year actually was all government spending--and then some. The private sector actually appears to have shrunk.
Maybe it's time to start counting GDP in terms of the private sector only, and we'd get a better idea of what's really going on. H/T SCSU Scholars.
Podcast #1,063: Beyond Resilience — How to Become Shatterproof
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Resilience is often touted as the end all, be all of coping with life’s
challenges and setbacks. But my guest knows from her studies, executive
coaching,...
4 hours ago
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