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Posted On: 10/29/2020 1:48:30 PM
Post# of 124748
Pic Of The Moment: Economy Surges 7.4% To... 2018 Levels?
GDP rose by +7.4% in Q3 (pretty much exactly as expected), after falling by -9.0% in Q2 and -1.3% in Q1. All told, the economy is -3.5% smaller than it was at the end of 2019.
For context, the economy is roughly as far below its peak as in the darkest days of the last recession....
https://twitter.com/JustinWolfers/status/1321793262227804161
GDP rose by +7.4% in Q3 (pretty much exactly as expected), after falling by -9.0% in Q2 and -1.3% in Q1. All told, the economy is -3.5% smaller than it was at the end of 2019.
For context, the economy is roughly as far below its peak as in the darkest days of the last recession....
https://twitter.com/JustinWolfers/status/1321793262227804161
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