We are not technically in a recession, but the slow economic growth makes it feel like one.
Is it because growth somehow isnt moving "fast enough" , psychologically, compared to inflation?
Is the growth too skewed towards the top? And is inflation too skewed towards the bottom?
How can slow growth "feel" like a recession?
What are your thoughts?
Why does slow economic growth feel so bad to individual households?
byu/3rdthrow inAskEconomics
Posted by 3rdthrow
1 Comment
This is a matter of psychology. Economics doesn’t deal with feelings. It’s focused on the material well-being of households.