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GDI should be close to GDP, theoretically. It’s not.
While consumers cut back on goods spending, spending on services jumped.
There’s a link between anticipating future technology and spending decisions in the present, says macroeconomics professor Cristoph Görtz.
There are reasons to take a weak gross domestic product report with a big grain of salt.
The downturn isn’t surprising, considering inventories grew by a record amount the quarter before.
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.
GDP climbed by 5.7% last year — the highest annual growth rate in more than three decades.
Energy problems, supply chain woes and a shaky real estate sector are slowing down Chinese GDP growth.
There’s a disconnect between rising GDP and consumer spending — and the number of people out of work.
The economists say they expect employment to recover and that recent price spikes for some consumer goods should moderate.