New York Fed’s Weekly Economic Index Points to an Annualized Fall in 2Q GDP of 40.2%
by Aegidius25 The Commerce Department released its annualized figures for second quarter 2020 GDP today claiming that on this basis the economy shrank by a seasonally adjusted -32.9%. As reported by CNBC: “Sharp contractions in personal consumption, exports, inventories, investment and spending by state and local governments converged to bring down GDP, which is the … Read more