While GDP, the gross domestic product, may get all the headlines, the GDI, or gross domestic income, tells a more depressing story. GDI is 2.5 percent below GDP, the largest gap since 1993. And over the past four quarters, GDI has fallen while GDP has grown. Some economists feel GDI is better at predicting a recession, which means hold on to your hats, it’s going to get worse.
Published 12/1/2023. Read the full article.
