336 () posted 3 years ago by BQnita 3 years ago by BQnita +337 / -1 67 comments share 67 comments share save hide report block hide replies
I think it means a 41% decrease in the projected growth of GDP.
I'm no expert tho so correct me if I'm wrong. A 41% decrease in GDP would make the world shit itself hard.
Here is the metric he is referring to:
https://www.atlantafed.org/cqer/research/gdpnow
That's correct, this is their projection of GDP growth, not total GDP output
Well, thank god for that. But if we are only talking GDP growth forecast. Its not a huge shovk they are that off after jobs report came out.
Largely entire tech sectors were killed in covid. Sectors that can’t just shut down and come back. Supply lines that took 30 years.
Gone
Good thing for more level headed pepes
Good catch dude.