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jpfromlondonyesterday at 8:56 AM2 repliesview on HN

>if you use PPP prices ...

it was still on the uptrend until 2020 when switching off the economy squashed all growth and not just in Britain but other major continental economies too, Germany has actually been in and out of recession multiple times since.

2016 added some turbulence to domestic politics and econ but until then our recovery from the GFC had been fast, occasionally faster than the rest of the G7.


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ahartmetzyesterday at 9:05 AM

Germany isn't doing great, but these current recessions are low grade. Nothing like mid 90s and mid 2000s, unemployment data: https://www.wsi.de/de/erwerbsarbeit-14617-arbeitslosenquoten...

pjc50yesterday at 9:15 AM

> 2020 when switching off the economy squashed all growth

The exception here is the US, again. And what did they do differently? Massive QE and "helicopter money". Anti-austerity worked extremely well for growth, even if the debt went up.

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