There are different measures of the economy. They each measure different things. So they each show different results.

One measure shows a good economy. Another measure shows a bad economy. If they all showed bad, you could say the economy is bad.

But you can't judge the economy on one measure, maybe not even a few. "Good" or "bad" emerges only from measurements, not from the economy itself, as cruel or incomprehensible as it might sound.