this post was submitted on 27 Apr 2025
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Strong increase? 0.8% is "strong"?
In economics terms, 1 percent growth is considered very good. Yes, 0.8 isn't 1 percent, but it's pretty close.
orly?
Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
It depends on context. And when one of the world's most powerful countries is sanctioning and tariffing you, that growth still speaks volumes.