Ignore GDP Plunging 33%. Pay Attention To The 9.5% Decline.
- Saturday, August 1, 2020, 5:19
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While the economy recorded its worst ever decline in the June quarter at 32.9%, it is important to understand how it was calculated. Looking at the year-over-year drop of 9.5% is important as it helps to take out some of the distortions from the headline number.
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