Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 29, 2022

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Thu Jul 28 18:44:11 +0000 2022

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Paul Krugman @paulkrugman

Tricky comparison. Labor force growth much higher then bc Boomers still entering work and female lfp still rising — PolitiTweet.org

In mid-70s recession, econmy was in recession frm Nov73 - spring 75. Yet the economy *added* jobs in each of the re… https://t.co/58jOvzOs6x

Posted July 28, 2022

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Paul Krugman @paulkrugman

Many news reports saying we've entered a "technical recession" — which doesn't exist. Here's GS: "the official definition of recession is a judgmental mix of levels and rates-of-change across several variables, most of which continued to expand in the first half of the year" — PolitiTweet.org

Posted July 28, 2022

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Paul Krugman @paulkrugman

The backlash against saying “2 negative quarters isn’t the definition of a recession” - a simple statement of fact - is the worst I’ve seen. And I’ve seen a lot 1/ — PolitiTweet.org

Posted July 28, 2022