Prof Fin Econometrics: Imperial College London, American Uni Cairo.
Predicted timings: Great Recession,different recoveries,2021 stagflation,2022 recession;see↘
Oct 28, 2021 • 33 tweets • 23 min read
The fastest-growing developed economy in the West, the US, has just released #growth figures for Q3: 2% annualized (down from Q2 recovery of 6.7%).
[Reminder: growth<0 is #recession, low growth is #stagnation.]
It also released the corresponding #inflation of 5.7%.
Everything is temporary, depending on chosen timescale! cnbc.com/2021/11/03/fed…
[#Fed] statement kept the word “transitory” to describe price increases that are running at a 30-year high, though it qualified the term somewhat by saying pressures are “expected to” be temporary.
