Gross domestic product and income have recently diverged to a degree last seen in 2007 pic.twitter.com/JkCpItbD3C
— Win Smart, CFA (@WinfieldSmart) November 30, 2023
When “Gross domestic product (GDP) and income have recently diverged by a large margin,” it implies that there’s a significant difference or gap between the overall economic output of a country (as measured by GDP) and the income earned by individuals or households within that country. This disparity could be indicative of various economic factors, such as unequal distribution of income, changes in wealth concentration, or shifts in the composition of economic activities.
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