Mike Pearson tells listeners about some reports out last week about the state of the global economy. He takes a look at the two countries with results that are very relevant: USA and Brazil. The USA had a GDP of 2.5 percent and Brazil was a little higher at 2.9 percent.
The gross domestic product is a key measurement studied by economists to know the health of the economy.
The GDP is the total value of goods and services produced in a certain amount of time. A growing GDP indicates an economy is growing and people have more money to spend.
A shrinking GDP means the economy is shrinking and…
