October 22, 2020
Business News

Ignore GDP. Here’s What Investors Should Watch for Economic Insights During the Pandemic. – Barron’s

First, the annualized figures that economists like to use are pointless at a time like this. The headline number effectively represents how much gross domestic product would decline if the lockdowns meant to contain Covid-19 continued across four quarters. They didnt and wont, so the real decline in output was more like 9%. Still terrible, but not exactly a third of the economy. More importantly, though, the speed and magnitude of the pandemics impact has rendered old news like quarterly GDP esp…

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