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this is fucking insane if it wasnt clear straight up apocalyptic wonder if this is annualized or just straight up 50%
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Replying to @tszzl
change in GDP quarter over quarter is often "annualized", ie this is how much GDP would change over the course of a year if it continued changing at the rate it changed from last quarter to this one
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Replying to @eigenrobot @tszzl
A 50% q/q non-annualized drop would be much much worse than an annualized
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Replying to @eigenrobot @tszzl
eigenrobot Retweeted Adam D'Angelo
eigenrobot added,
Adam D'AngeloVerified account @adamdangelo
1) A lot of people are trying to forecast the coronavirus impact on Q2 US GDP right now. I have one small piece to add to the conversation. There is a Goldman Sachs forecast from Friday that is being widely misreported as -24% from Q1 to Q2. The forecast is actually for -7%.
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2:03 PM - 22 Mar 2020
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