Also does he mean yearly inflation, which is just reevaluated monthly? Whereas quarterly GDP growth? JohnDClay quarterly means four times a year. Furthermore single digit inflation is typically not considered as high. Also GDP growth does not necessarily talk of sucessful economic policy since there was strong decline before, but it does point to poor performance of sanctions.
Well there I would too disagree. His intuition was not completely wrong. Depending on what macroeconomic theory you like, gdp change and inflation are usually related. His interpretation was poor.
Also does he mean yearly inflation, which is just reevaluated monthly? Whereas quarterly GDP growth? JohnDClay quarterly means four times a year. Furthermore single digit inflation is typically not considered as high. Also GDP growth does not necessarily talk of sucessful economic policy since there was strong decline before, but it does point to poor performance of sanctions.
Exactly, these are completely separate concepts that have no direct relationship with one another.
Well there I would too disagree. His intuition was not completely wrong. Depending on what macroeconomic theory you like, gdp change and inflation are usually related. His interpretation was poor.
They’re not directly related though, we often see growing GDP along with growing inflation. It’s a perfectly normal scenario.