Chinese Economics Thread
- Thread starter Norfolk
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Inflation is included in raw GDP right? Meaning if the US has 8% inflation but only 2% real growth, the numbers will still reflect they grew 10%?
Sounds like it could delay China overtaking US in raw gdp by a while even though the US won't be any better off
Sounds like it could delay China overtaking US in raw gdp by a while even though the US won't be any better off
What should happen is the exchange rate compensates for the difference in inflation
the US doesn't just have 8% inflation though lol.
Although the one from shadowstats probably aren't that accurate either (overestimate?) but the CPI is 100% below actual inflation and off by not just a few %.
15% seems about right. I would personally say it is 20% but it is close enough to be considered correct.
As for the official CPI data, no comment...
Do you mean nominal GDP? Yes, inflation is counted into that. GDP growth is usually reported for real GDP though, which excludes inflation.
A new variant?