GDP Growth and the Change in the Cyclically Adjusted Budget Balance
Countries that increase the structural budget balance the most have experienced the slowest growth. Here is the scatter plot for the 2008-2012 period.
Countries that increase the structural budget balance the most have experienced the slowest growth. Here is the scatter plot for the 2008-2012 period.
Compiling a bunch of labor market data, we have the following picture of the private nonfarm labor sector, which seems to run counter to the argument last made a month ago that a recession occurred in 2022H1.