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Re: Q3 GDP 33.1 Jobless claims 751,000 they expected 35

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 29 Oct 20 4:23 PM | 12 view(s)
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Msg. 39434 of 54959
(This msg. is a reply to 39429 by clo)

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This is the kind of situation where multiplying quarterly numbers to produce annual ones doesn't work.

Quarterly growth was 7.4%. It wasn't 30 or 35%.

It also dipped by a bit more than that in the first half of the year.

The net effect is the US economy is in bad shape, but it has made up some of the lost ground.


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The above is a reply to the following message:
Re: Q3 GDP 33.1 Jobless claims 751,000 they expected 35
By: clo
in ALEA
Thu, 29 Oct 20 2:41 PM
Msg. 39429 of 54959

Remember GDP was down -31.4 in Q2


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