A good recession for capitalists
Profits have done comparatively well this recession, which is good news for investors and other business owners.
Today’s figures show that the share of profits in GDP rose to 23.3% in Q4. This is higher than it was at the start of the recession.ProfshareThis is unusual. In the previous three recessions, the profit share fell, and did not return to the level it hit at the cyclical peak in GDP until some time after the recovery:
The article lists some possible causes, but we need more data.
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