lmao Oh, but regrowth can't be growth. At least according to your twist.
And how can regrowth and recovery not be an improvement?
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And how can regrowth and recovery not be an improvement?
I never said it wasn't. You just did.
Regrowth is replacing something that already existed, growth is expansion beyond the benchmark.
Nope.
Regrowth is still growth.
A skink loses its tail to a predator and grows a new one.
Your hair gets cut off. It grows new hair.
A tree loses its leaves in the fall. It doesn't pick the leaves up and replace them in the spring, It grows new ones.
An economy takes a plunge and starts growing again.
That's regrowth.
The only way an economy can recover is if it starts growing again.
Regrowth is regrowth and growth is growth.
Predator? Who ate the economy?
Your hair grew, was cut and regrew. You don't have "new hair". It's the same hair that regrew.
Economies don't shed leaves.
An economy takes a plunge and starts recovering. That's regrowth. HOLY **** you almost got one!
"World economic growth is expected to slow next year, with recent turbulence in financial markets triggered by the fallout from the U.S. subprime mortgage market clouding prospects, the IMF said in the October 2007 World Economic Outlook (WEO) released on October 17." IMF Survey: IMF Forecasts Slower World Growth in 2008
"Global growth in 2009 is expected to fall to ½ percent when measured in terms of purchasing power parity and to turn negative when measured in terms of market exchange rates (Table 1.1 and Figure 1, view: Data Figure 1). This represents a downward revision of about 1¾ percentage point from the November 2008 WEO Update. Helped by continued efforts to ease credit strains as well as expansionary fiscal and monetary policies, the global economy is projected to experience a gradual recovery in 2010, with growth picking up to 3 percent." IMF World Economic Outlook (WEO) Update -- Global Economic Slump Challenges Policies, January 2009
"The world economy is stabilizing, helped by unprecedented macroeconomic and financial policy support. However, the recession is not over and the recovery is likely to be sluggish. Following a disappointing first quarter, during which the global economy contracted almost as fast as during the fourth quarter of 2008, (Figure 1, Data Figure 1), high-frequency data point to a return to modest growth at the global level (Figure 2, Data Figure " IMF World Economic Outlook (WEO) Update -- Contractionary Forces Receding But Weak Recovery Ahead, July 2009
"Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009. "
"Recovery is proceeding at varying speeds
Output in the advanced economies is now expected to expand by 2 percent in 2010, following a sharp decline in output in 2009. The new forecast reflects an upward revision of 3/4 percentage point. In 2011, growth is projected to edge up further to 2½ percent. In spite of the revision, the recovery in advanced economies is still expected to be weak by historical standards, with real output remaining below its pre-crisis level until late 2011. Moreover, high unemployment rates and public debt, as well as not-fully-healed financial systems, and in some countries, weak household balance sheets are presenting further challenges to the recovery in these economies.
Growth in emerging and developing economies is expected to rise to about 6 percent in 2010, following a modest 2 percent in 2009. The new projection reflects an upward revision of almost 1 percentage point. In 2011, output is projected to accelerate further. Stronger economic frameworks and swift policy responses have helped many emerging economies to cushion the impact of the unprecedented external shock and quickly re-attract capital flows.
Within both groups, growth performance is expected to vary considerably across countries and regions, reflecting different initial conditions, external shocks, and policy responses. For instance, key emerging economies in Asia are leading the global recovery. A few advanced European economies and a number of economies in central and eastern Europe and the Commonwealth of Independent States are lagging behind. The rebound of commodity prices is helping support growth in commodity producers in all regions. Many developing countries in sub-Saharan Africa that experienced only a mild slowdown in 2009 are well placed to recover in 2010. Growth paths are diverse for advanced economies as well." IMF World Economic Outlook (WEO) Update -- A Policy-Driven, Multispeed Recovery, January 2010
"Global growth in 2009 is expected to fall to ½ percent when measured in terms of purchasing power parity and to turn negative when measured in terms of market exchange rates (Table 1.1 and Figure 1, view: Data Figure 1). This represents a downward revision of about 1¾ percentage point from the November 2008 WEO Update. Helped by continued efforts to ease credit strains as well as expansionary fiscal and monetary policies, the global economy is projected to experience a gradual recovery in 2010, with growth picking up to 3 percent." IMF World Economic Outlook (WEO) Update -- Global Economic Slump Challenges Policies, January 2009
"The world economy is stabilizing, helped by unprecedented macroeconomic and financial policy support. However, the recession is not over and the recovery is likely to be sluggish. Following a disappointing first quarter, during which the global economy contracted almost as fast as during the fourth quarter of 2008, (Figure 1, Data Figure 1), high-frequency data point to a return to modest growth at the global level (Figure 2, Data Figure " IMF World Economic Outlook (WEO) Update -- Contractionary Forces Receding But Weak Recovery Ahead, July 2009
"Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009. "
"Recovery is proceeding at varying speeds
Output in the advanced economies is now expected to expand by 2 percent in 2010, following a sharp decline in output in 2009. The new forecast reflects an upward revision of 3/4 percentage point. In 2011, growth is projected to edge up further to 2½ percent. In spite of the revision, the recovery in advanced economies is still expected to be weak by historical standards, with real output remaining below its pre-crisis level until late 2011. Moreover, high unemployment rates and public debt, as well as not-fully-healed financial systems, and in some countries, weak household balance sheets are presenting further challenges to the recovery in these economies.
Growth in emerging and developing economies is expected to rise to about 6 percent in 2010, following a modest 2 percent in 2009. The new projection reflects an upward revision of almost 1 percentage point. In 2011, output is projected to accelerate further. Stronger economic frameworks and swift policy responses have helped many emerging economies to cushion the impact of the unprecedented external shock and quickly re-attract capital flows.
Within both groups, growth performance is expected to vary considerably across countries and regions, reflecting different initial conditions, external shocks, and policy responses. For instance, key emerging economies in Asia are leading the global recovery. A few advanced European economies and a number of economies in central and eastern Europe and the Commonwealth of Independent States are lagging behind. The rebound of commodity prices is helping support growth in commodity producers in all regions. Many developing countries in sub-Saharan Africa that experienced only a mild slowdown in 2009 are well placed to recover in 2010. Growth paths are diverse for advanced economies as well." IMF World Economic Outlook (WEO) Update -- A Policy-Driven, Multispeed Recovery, January 2010
roflmao Yeah, ok. You don't grow new hair. Somehow the old hair that you cut off gets back into your head and sprouts all over again. No new hair cells there. Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
If they were talking about recovery, then the numbers reported wouldn't be the same now would they? They are reporting growth in real time, not against the pre-recession values...how fast is the economy recovering? They use the measures reported like I've said all along, in terms of GDP growth rate, or how many jobs are being added. Not regrowth. The pre-recession value of GDP or jobs is entirely arbitrary for measuring how fast the economy is expanding in real time.
Is it possible to have an incredible GDP using automated or slave labour and an absolutely nonexistant economy?
Mmmmm pickled red herring. GDP is a ****ty gauge of an economy recovering from and still on the brink of recession.
The WWII stats you refer to are misleading considering USA, Canada and Australia didn't have their industries and agri blown to bits over 6 years.
The WWII stats you refer to are misleading considering USA, Canada and Australia didn't have their industries and agri blown to bits over 6 years.
The last time it did well was during the Carter administration.You cutting off your hair means you are losing it. The stuff cut is gone but it starts growing on your head again. Whatever amount you had before is irrelevant to it growing back.
Like I said, according to your idiotic reasoning, the economy will likely never grow again after the peak it reached after WW2.
You like investopedia, well here's their definition of recession:
A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP); although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.
Read more: Recession Definition | Investopedia
The US is not on the brink of a recession. The last quarters have seen growth in gdp, in manufacturing, and in employment.Read more: Recession Definition | Investopedia
A new recession seems inevitable
By Chris Isidore@CNNMoney
February 24, 2012: 4:44 PM ET (Just last Friday)
NEW YORK (CNNMoney) -- While most economists have stopped worrying that the U.S. will fall into a double-dip recession, one influential economist maintains his position that the nation won't be able to avoid a new downturn.
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, said on Friday that his research firm is sticking with the forecast it made in September: A new recession is inevitable, despite improvement in high-profile economic indicators, such as job creation and unemployment, and a stock market rally.
ECRI is one of the more widely respected firms on economic recessions, as it has never been wrong when forecasting that a recession would start, or failed to predict a recession well before it was widely accepted.
Achuthan predicts the recession will happen even without a new shock to the economy, such as a spike in oil and gas prices or a Greek sovereign debt default sparking a financial meltdown. If those things occur, he says they will simply make an inevitable recession more painful.
In fact, Achuthan said data gathered since his September forecast only confirms his view that economic growth has slowed to such a degree that a downturn is now unavoidable, likely by late summer.
"Now that we have several months of definitive hard data, this is not a forecast," he said, pointing to key measures that don't receive as much attention from the public or many economists.
Specifically, he identifies annual growth in industrial production, real personal income and spending, as well as the year-over-year change in gross domestic product, a broad measure of the nation's economic activity. That GDP reading has been stuck between 1.5% and 1.6% growth for the last three quarters, far less encouraging that the rising quarterly GDP, which is more widely reported.
"Basically, growth has flatlined," he said.
Some might think that a new downturn would be a so-called double-dip recession, in that it comes before the economy has fully recovered from the jobs lost during the Great Recession. But Achuthan said if the economy falls into recession at this point, it would be a new recession, not a double dip, given the time that has passed since the formal end of the recession in 2009 and the economic growth since then.
Hmm, and the same firm is saying it would be a new recession, given all that time and growth since then. They may be correct, but the US is not on the brink of a recession right now. Spin and twist all you like. That's simply not true.
I didn't say it was a gauge, I said it was an indicator (as in one indicator).
The stats I posted are US stats.
Yes, but although that was pretty high, the highest peak was just after WW2. But, that's just a little info. According to Petros, things don't grow once they've reached their peak, regrowth isn't growth, and recovery isn't growth.
So what if the dude has an opinion?
Doesn't look like it has flatlined to me.
U.S. Economy at a Glance
Daily chart: The dating game | The Economist