In recent years, there has been much debate over the true health of the economy. While the White House and many economists believe that GDP growth is steady at a rate of 2.5% to 3% annually, others argue that there is a better way to measure the economy’s condition.
In this episode of What’s Ahead, we explore Gross Output (GO), a metric that offers a more comprehensive view of the economy. Despite its unassuming name, GO can provide valuable insights into the state of the economy. For example, during the first half of 2022 when the economy was shrinking, GO accurately predicted that better times were on the horizon.
The reason why GO is not given more attention by the government is because it contradicts the prevailing belief that consumer spending drives prosperity. In reality, GO suggests that businesses play a critical role in economic growth.
As a journalist who specializes in economic analysis and trends, I encourage you to stay informed about these developments by following me on Twitter or sending me a secure tip for further insights. By doing so, you can gain a deeper understanding of how businesses contribute to economic growth and how they are impacted by changes in consumer behavior and government policies.
