GDP is a worthless calculation. It goes down as imports increase, it goes up as government spending does, and it increases not due to productivity, but if production of any kind has happened. In other words, the revival of the worst of the worst businesses from the dead would be additive to GDP, and without regard to how economically crippling it is to have “zombie” businesses hogging precious capital.
Which is a comment that if anything, the latest GDP number reflects slower economic growth than would otherwise be the case. To be blunt, GDP is frequently backwards due to how it’s calculated. To give readers a sense of the meaning of the previous sentence, GDP soared during Jimmy Carter’s presidency.
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