GDP Growth
This is the latest In Fact. Click the left arrow for earlier ones.Axios claims that the U.S. is experiencing an “unprecedented — and largely unheralded — economic miracle” because the nation’s GDP “has surged by an astonishing 40%” in the wake of the Covid-19 pandemic.
IN FACT, Axios fails to account for inflation and population growth, which are both vital for understanding economic trends. Exploding Axios’ claim of an “economic miracle,” real GDP per capita is still slightly below its pre-Covid trajectory.
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