The economy grew at an annual rate of 6.5 percent in the quarter ending in June, below expectations, as coronavirus vaccinations and unleashed consumer spending added momentum to the recovery. wapo.st/3BTwEup
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For the first time, economic output eclipsed its pre-pandemic high, after adjusting for inflation. But that doesn’t mean the economy is back to the level it would have been at, had the pandemic not happened, because there is roughly a year of continued economic growth missing.

1:25 PM · Jul 29, 2021

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Now that GDP has regained the ground lost in the recession that began in March 2020 and ended the following month, the economy will shift from recovery mode to expansion mode. But economists say it may take years to regain its full potential. washingtonpost.com/business/…
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Replying to @washingtonpost
And.... now it's going to go back down again.
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Replying to @washingtonpost
I love how a chart over the course a 16 months has to account for inflation, but whenever we talk about our general economic policies inflation isnt real/doesnt need to be addressed. raising minimum wage or a ubi policy would 100% lead to increased inflation.
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Replying to @washingtonpost
Awesome! Can we tax the rich NoW?
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This analysis literally offers nothing to any debate. Yes we already incurred a years worth of economic costs over the year long pandemic. By itself that is irrelevant to economic policy now.
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Replying to @washingtonpost
But, but “yay Trump” 😬😳
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