Why Isn’t There a Global Recession Yet? Is the Global Economy Being Artificially Propped Up?
The world economy is in huge turmoil. Jobs are declining, wages are stagnant, AI has wreaked havoc in electronic prices & disrupted many industries, housing and living costs are skyrocketing, neoliberal economic policies are proliferating, and wealth inequality is becoming massive. Corporations now have more wealth than many countries, yet poverty seems to be increasing. Now with Hormuz incident, energy costs are increasing around world.
I suspect governments are lying about unemployment or poverty rates through misleading methodologies and statistics. Yet despite all this, why hasn’t a global recession or a Great Depression like scenario happened yet?
Is it because countries use GDP as the main measure of economic well being, even when it does not reflect actual living conditions? Or is it because the top 10% are inflating stock markets and real estate, creating the illusion of economic strength? What is the real reason?