Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2022

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Sun Jul 31 10:59:49 +0000 2022

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Paul Krugman @paulkrugman

Klein does a deep dive into possible sources of error right now, such as misclassifying investment (which adds to GDP) as purchases of intermediate goods (which don't). Time will tell if he's right. 6/ — PolitiTweet.org

Posted July 31, 2022

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Paul Krugman @paulkrugman

This kind of noise in the data explains why the NBER doesn't rush to make recession calls, and relies on multiple indicators, not just GDP 5/ — PolitiTweet.org

Posted July 31, 2022

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Paul Krugman @paulkrugman

But there's a pretty good chance that we'll eventually conclude that the economy, while slowing, actually grew in 2022H1. 7/ — PolitiTweet.org

Posted July 31, 2022