Vox: Thursday’s historically bad economic growth numbers, explained

Vox: Thursday’s historically bad economic growth numbers, explained. “The US economy shrank at the fastest rate on record in the second quarter of 2020, according to data released Thursday morning by the Bureau of Economic Analys Labor Statistics. Quarterly GDP statistics are normally calculated in terms of a seasonally adjusted annualized rate, and when you do that, here’s what it looks like — a sharp drop from positive growth in 2019 to a more than 30 percent contraction in the most recent quarter.”

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