Economía marxista para el Siglo XXI

The global GDP story


Michael Roberts Blog

There was a batch of economic data out today that confirmed that the global economic expansion since the end of the Great Recession in mid-2009 was in trouble.  The ‘recovery’ since then has already been the weakest since the 1930s.

Now data for the last quarter of 2015 from major capitalist economies showed that economic growth, as measured by real GDP growth, was slowing.  In preliminary figures for the US economy, the most important and fastest growing of the major economies, in Q4 2015, real GDP rose only at a 0.7% annual rate, sharply down from the 2% pace recorded from Q3 2015.  That meant the US economy had expanded in real terms (after inflation is deducted) by 2.4% in 2015, the same rate as in 2014.  But the worrying sign was that in Q4 2015, the yoy rate was only 1.8%, virtually the same rate as the UK economy…

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