Don’t sound the recession alarms yet
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Yes, GDP fell for the second straight quarter. No, that doesn't necessarily mean we're in a recession. Plus, when point-of-sale tech goes down, businesses are left without backup.
Segments From this episode
While consumers cut back on goods spending, spending on services jumped.
Painting the big economic picture
"Marketplace" host Kai Ryssdal talks to Wendy Edelberg, director of the Hamilton Project at the Brookings Institution, about what the GDP doesn't capture about the economy and why that matters.
Demand for clean vehicles is strong in the U.S., but manufacturers are still hampered by supply chain issues.
Demand for modern point of sale systems exploded as businesses embraced contactless payment. But some have found reliability problems.
Even when adjusted for inflation, 60% percent of workers who changed jobs earned more in their new roles.
There's a link between anticipating future technology and spending decisions in the present, says macroeconomics professor Cristoph Görtz.