In response to the following BBC article, quote:

UK expected to be only major economy to shrink in 2023 - The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said.

https://web.archive.org/web/20230131123012/https://www.bbc.com/news/business-64452995

Source of the take: https://knockout.chat/thread/45630/1#post-1657405

  • hexaflexagonbear [he/him]
    ·
    2 years ago

    The "is it because" comment is wild because it lists literally zero things related to GDP. Like?? The state spending less on people doesn't increase GDP? It would potentially shrink GDP as that's less money circulating through the economy. Surplus of deaths would probably have a similar effect.