Growth is the thing more for the long run reason, more for the 50 mons ino, 200 year reason. The most meaningful thing that tends to happen when g d p goes down, which isn't that common, is people lose their jobs. It doesn't measure how well our kids are educated and it doesn't measure happiness as a society. And then there was that bobby kennedy speech where he sounded kind of hippy, but he was like, you know, g d p, i think he was actually calling it gross national product.
The US economy has shrunk for two consecutive quarters. That’s technically a recession. But economists aren’t so sure we’re actually in one. Madeleine Ngo and Jacob Goldstein explain.
This episode was produced by Avishay Artsy and Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King.
Transcript at vox.com/todayexplained
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