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Depends on how you say it and in which context.
A shrug and a “pretty good” = acceptable, not worth complaining about.
A slow grin first or it being said loudly = better than good, great.
Although this depends on how emotive the speaker is.
if someone shrugs with pretty good
or shrugs with good
to me the former is still better than the latter.
I don’t see a way for pretty good to mean less than good
Wow! Pretty good!
Vs
That was pretty good, but…