The "economy" is "shrinking" but prices are going up.
This seems contradictory.
The "economy" here supposedly means the total value of the goods and services in a society.
Therefore if prices are rising, then how can the economy be shrinking since the value of the goods is surely rising?
Am I missing something here?
Also, if prices are rising then the income of someone somewhere is surely going up. (?)
Or at least rising prices mean that someone somewhere is making sure they don't get poorer. (?)
Maybe these musings are wrong actually.
......