If GDP is growing, but lagging inflation, it is still a recession?

Discussion in 'Economics' started by crgarcia, Jan 17, 2008.

  1. If GDP is growing, but lagging inflation, it is still a recession?
     
  2. Yes.
     
  3. Why not take a look at the good ole GDP deflator. The fantasy inputs last quarter made it look as though we still had some growth. Put in the real numbers and we've been mired in stagflation for several quarters by now.

    If we're really running double digit inflation, which seems highly probably, then this whole "Are we in a recession yet?" seems laughable at best. Criminal more likely.