this post was submitted on 31 Jul 2026
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[–] CanadaPlus@lemmy.sdf.org 1 points 12 hours ago* (last edited 12 hours ago)

As in, doing worse economically. In this context, where that's clear, it seems like the wording holds up.

(or its economy, if you don’t define economy just as stock market go brrr)

GDP measures actual trade more than the stock market. That being said, yes, it's a litmus test, albeit a decently well supported one. The main places it breaks down, in terms of predicting people's lifestyles, is where there's major banking hubs (Singapore, Seychelles, Ireland for a while).