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IPFS News Link • Economy - Economics USA

Is The U.S. Economy Actually Growing?

• https://theeconomiccollapseblog.com, By Michael

Okay, so they want us to believe that the U.S. economy grew at a very brisk pace during the fourth quarter of 2023 even though mass layoffs are happening all over America, sales of previously owned homes are at the lowest level in 28 years, homelessness is rising at the fastest pace ever recorded, and survey after survey is showing that most Americans are just barely scraping by from month to month.  Needless to say, something does not add up.  The American people are deeply frustrated with how the economy is performing, but the government keeps giving us numbers that indicate that everything is just great.  On Thursday, we were told that the U.S. economy grew at a 3.3 percent annualized rate during the fourth quarter of 2023…

The economy grew at a much more rapid pace than expected while inflation eased in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday.

Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023, according to data adjusted seasonally and for inflation.

That compared with the Wall Street consensus estimate for a gain of 2% in the final three months of the year.

If that number actually reflected reality, it would be very good news.

But how is it possible that layoffs were up 98 percent in 2023 while the U.S. economy was supposedly "growing" all year long?

To me, it appears that something fishy is going on.


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