Friday, October 9, 2020

US GDP chart -- after 2Q 2020 decline, 3Q rise will look great with a percentage rise from 2Q of 24% to 32% (actual growth multiplied by 4 for an annual rate)

 Other countries don't multiply quarter to quarter Real GDP growth by four to create an annual rate of change, but here we do, and usually don't mention it, such as after the huge decline last quarter.  

This quarter I bet the leftists in the mass media will be SURE to mention the advanced 3Q 2020 Real GDP rise, reported later this month, has been multiplied by four to create an annual rate !


 

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