RT @nytimes@twitter.com
Breaking News: The U.S. economy grew at a 2.9% annual rate in the fourth quarter, a solid pace that reflected the resilience of consumers and businesses.
Follow our updates.
https://nyti.ms/3XWLbj9
Economists who focused on core indicators were completely vindicated that economy from 2021-2022 was, in light of the twin catastrophes of COVID & Russian Invasion of Ukraine, a *miracle* of sustained & sustainable growth, transitory inflation partially offset by rising wages.
Mainstream Media who focused on Republican talking points were wrong, and mislead the American people into thinking we had a historically bad economy at a time we were actually experiencing an economic *miracle*
I do not know the future but if you polled top economists in 2019 for their most optimistic: jobs, inflation, wage, GDP estimates assuming there would be (1) worldwide pandemic (2) Russian invasion, they all would have all fallen short of how well US did over last 2 years.
@DavMicRot And it only cost a million lives!
