#recession #economy #gdp #gfc #vvd
The US economy is experiencing a phenomenon similar to what preceded the recession of 2007-2008.
📍We usually estimate the state of the economy by GDP, which continues to grow in real terms (taking into account inflation) – this is shown by the brown line on the charts. However, if we pay attention to gross domestic income in real terms, that is, the sum of all incomes in the economy adjusted for inflation, then this indicator has been falling for the second quarter in a row (marked on the upper graph). The main reason for this is a decrease in corporate income.
In the United States, the process characteristic of the beginning of the recession begins – a reduction in income. Similar dynamics of indicators were observed before the Great Financial Crisis (shown in the lower graph), and who knows, perhaps the coming crisis will become even more majestic. @ESG_Stock_Market