A: It is difficult to get an accurate picture on this. Every month since May 2020, economists Jose Maria Barrero, Nicholas Bloom and Steven Davis have surveyed several thousand Americans to understand the trends.
However, there is another way to approach the issue. In 2007, at a dinner with United States Ambassador Clark Randt, then Vice-Premier of China, Mr Li Keqiang, is famously reported to have criticised Chinese GDP statistics as being “man-made”. He preferred to judge economic growth by electricity production, rail cargo volume and bank lending.