Rapidcreek@lemmy.world to News@lemmy.world · 9 months agoThe U.K. and Japan have slumped into recession while the U.S. keeps defying gloomy expectationsfortune.comexternal-linkmessage-square16fedilinkarrow-up1151arrow-down19
arrow-up1142arrow-down1external-linkThe U.K. and Japan have slumped into recession while the U.S. keeps defying gloomy expectationsfortune.comRapidcreek@lemmy.world to News@lemmy.world · 9 months agomessage-square16fedilink
minus-squareKbobabob@lemmy.worldlinkfedilinkarrow-up4arrow-down8·9 months ago14,391,255 in the UK 72.24 million in the US That percentage doesn’t mean much when there are 400% more people buying things.
minus-squaretal@lemmy.todaylinkfedilinkarrow-up8·9 months agoYou’d care about relative proportion of the population, not absolute. A recession is defined by relative change in the size of the economy, not absolute.
14,391,255 in the UK
72.24 million in the US
That percentage doesn’t mean much when there are 400% more people buying things.
You’d care about relative proportion of the population, not absolute.
A recession is defined by relative change in the size of the economy, not absolute.