• KevonLooney@lemm.ee
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    7 months ago

    Your first article just shows the EU growing at 1% and the US growing above 2%. That’s not plunging at all. By definition, 1% growth is increasing. This indicates to me that you either exaggerate pessimistically or believe article headlines. It’s the same thing.

    Your GDP chart is a bad comparison for two reasons:

    1. You didn’t use PPP to compare them. With PPP numbers they are closer. Unless you are looking at government budgets for buying jet fighters or something, you have to use PPP to compare economic strength accurately.

    2. You should compare median personal or household income instead of GDP. GDP is influenced by large earners like billionaires, which the US has a lot of. Median income measurements are not. Which country Bill Gates calls home doesn’t affect your personal economic situation.