55 sats \ 1 reply \ @0xbitcoiner 18 Jul \ on: Eurozone Faces Deepening Recession as Construction Sector Slumps econ
That doesn't sound good at all. Portugal is about to build a high-speed train and a new airport... What's the tipping point for a country to be considered in recession, both for certain industries and the economy as a whole?
according to the definition in clown world, it takes two consecutive quarters in which the gross domestic product is negative. among real economists, of course, government spending must be subtracted because only the private sector creates the goods and services we need. that means if you subtract the massive debt programs, the eurozone and especially germany have been in recession for years. the private sector keeps shrinking
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