Quote:
Originally Posted by iheartthed
No... U.S. inflation was normal until after COVID supply chain disruptions in 2020.
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Sigh...
2010-2019, yearly average:
2020-2026, yearly average:
The higher US inflation in the 2020s had not been reflected in the exchange rates (the US dollar has remained high despite a higher inflation in the US than in either Europe or China), which largely explains the currently inflated US GDP when compared to European and Chinese GDP. When the US dollar falls, as it will inevitably eventually, European and Chinese GDPs will suddenly be much higher compared to US GDP. It happened many times before.
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