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Why The Economy Will Only Get Worse

The Money Podcast

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Introduction

The last quarter has reported now negative growth in the economy. 0.3%. Two negative growth quarters creates an official recession. But here's the thing they're not telling you in the media. You could have 0.1% this quarter negative growth and that's officially a recession, but it's not much negative growth. Or you could have three quarters of0.1% negative growth and then a quarter of 2% negative growth. That's not a recession. So actually, official recession statistics and definitions mean virtually nothing whatsoever. What is relevant to you is your overall relative spending power. And if wages are going up, nowhere near in line. If employment is now on the rise,

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