Might be soon, but not yet. And since Europe had growth in 2022 Q3 (just barely with 0.2%, but still), the earliest we could technically be in recession is 2023 Q2.

[–] nikolay@lemmy.ml 1 points 2 years ago (1 children)

The "growth" is due to inflation.

[–] vekku@sopuli.xyz 3 points 2 years ago* (last edited 2 years ago) (1 children)

I think but am not 100% certain that these figures are real GDP, which takes inflation and deflation into account. Do you have better information?

[–] nikolay@lemmy.ml 2 points 2 years ago* (last edited 2 years ago) (1 children)

We all know that the officially reported inflation rate is much lower than the actual one. GDP should be adjusted for inflation, but it's using the official numbers, which are lower, and it looks like GDP has gone up.

[–] vekku@sopuli.xyz 4 points 2 years ago* (last edited 2 years ago) (1 children)

We all know that the officially reported inflation rate is much lower than the actual one.

Sorry, what?

GDP should be adjusted for inflation, but it’s using the official numbers, which are lower, and it looks like GDP has gone up.

Yes, but it's now clear that you do not in fact have better information. Glad we cleared that up.

[–] nikolay@lemmy.ml 1 points 2 years ago (1 children)

And do you have "better" information? This is not my opinion - research to see that many economists are supporting my personal point as well!

[–] vekku@sopuli.xyz 2 points 2 years ago* (last edited 2 years ago)

And do you have “better” information?

Yes, and you also have it. Simply read the article. What you seem to have is gut feeling, at least until you give us better information, i.e. sources.

[–] nikolay@lemmy.ml 1 points 2 years ago

And, by the way, there's been deflation in Russia.