Quote:
Originally Posted by chemgear
So we technically "dodged" another recession. But that's just due to the sheer mass of people that we're increasing the population by, Real GDP per capita continues to drop.
I guess that's why the federal government is bringing in so many people regardless of the problems (including inflation) that it's causing. The propped up number should also keep interest rates higher for longer than would otherwise expected if we would be seeing headline numbers of 2-3% shrinking economy. We're worse than Brexit UK.
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Immigration isn't "propping up" per-capita GDP, it's (at least in part) what's driving it down. The rate of growth of the population is exceeding the rate of growth of the economy, therefore per-capita GDP drops.