> The contraction comes after the economy grew by 5.5 percent in 2021, and by 6.9 percent in the final quarter of 2021 alone.
1.4% doesn't sound like much, is this really cause for alarm after how fast we've been growing?
1.4% doesn't sound like much, is this really cause for alarm after how fast we've been growing?
5% growth is when everything is kinda normal and 25% of people/businesses barely get by.
-5% growth is when most people and 75% of businesses/people cannot get by
(all percentages are my gut check estimates but based on some empirical data)