Posted on 04/29/2020 6:10:06 AM PDT by C19fan
Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the first quarter, based on more complete data, will be released on May 28, 2020.
(Excerpt) Read more at bea.gov ...
Not as bad as I thought it would be. April should be worse, but May and June should be better.
Agree. Where are the doom prognosticators of -30%?
And no, they didn’t mean 30% down from 2019, but a real negative 30%.
TSHTF in mid March,the second quarter will be in the negative 15+ range. Democrat Governor’s will see to it.
This will only make Trump’s rebuild all the more stunning.
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