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re: THIRD QUARTER GDP UP 33.1%
Posted on 10/29/20 at 11:38 am to slackster
Posted on 10/29/20 at 11:38 am to slackster
good point about context. has someone yet pointed out that these numbers are annualized?
the economy didn't literally shrink by a third in Q2, nor did it grow by a third in Q3
the quarterlies are more like -9% for Q2 and +7.4% for Q3
(same is true for Q1: it didn't actually shrink by 5%- that's an annualized rate. it was more like -1.3%)
the economy didn't literally shrink by a third in Q2, nor did it grow by a third in Q3
the quarterlies are more like -9% for Q2 and +7.4% for Q3
(same is true for Q1: it didn't actually shrink by 5%- that's an annualized rate. it was more like -1.3%)
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