News for hackers. Stuff that matters.

A comment on Global economy is probably in recession. Parent comment

Re:Global economy is probably in recession by dmoy on Friday August 09, 2019 @12:38PM (#20655944)
And 2015

Also 2017-2018.

Basically every year there are fears of recession.

[ Parent | on HN ]
Re:Global economy is probably in recession by SantalBlush on Friday August 09, 2019 @01:23PM (#20656427)
>Basically every year there are fears of recession.

Not if you're an economist. We have some standard indicators to gauge economic growth, and those years you mentioned looked fine according to most indicators.

The "economists don't know what they're doing" trope is overused. Economists are always wrong, but they still have a track record of being less wrong than everyone else.

[ Parent | on HN ]
Re:Global economy is probably in recession by Fomite on Friday August 09, 2019 @01:43PM (#20656629)
"Economists have correctly predicted 9 of the last 5 recessions."

https://www.bloomberg.com/news/articles/2019-03-28/economist...

[ Parent | on HN ]
Re:Global economy is probably in recession by Izkata on Friday August 09, 2019 @05:04PM (#20658244)
More like, predictably bad in a wisdom-of-the-crowd way that could actually result in a good prediction: https://www.bloomberg.com/opinion/articles/2019-07-19/recess...
[ Parent | on HN ]
Re:Global economy is probably in recession by Fjolsvith on Saturday August 10, 2019 @09:44AM (#20661969)
So, that's what economic math looks like!
[ Parent | on HN ]