X community adds a context note to Peter Schiff post: Economist Peter Schiff posted on X: "The U.S. #economy is already in #recession. Though Q3 #GDP grew by 5.2%, government spending contributed 5.5%. So without that spending, GDP would've contracted by .3%. Government spending borrowed money does't reflect real economic growth. It will only lead to higher #inflation." The X community added a context note to the post that read "This is not correct. Government spending increased by 5.5%, it did not contribute 5.5% to GDP growth. twitter.com/JosephPolitano…"
The label is part of X’s Community Notes system. X users are able to sign up as contributors to add context to posts. X owner Elon Musk recently shared that any post with a Community Note added to it will be demonetized. The Community Notes account on X also posted to explain that notices will now be pushed to users that previously engaged with a post about any Community Notes added to it after the engagement.