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re: Q2 GDP, annualized, quarter over quarter -32.9%
Posted on 7/30/20 at 12:11 pm to Uncle Stu
Posted on 7/30/20 at 12:11 pm to Uncle Stu
quote:Right.
just so it's clear- thats "annualized"
GDP fell by 9.5%. If GDP continued to fall at that rate for a full year, it would be 32.9%, but that is not what happened in the 2nd quarter.
GDP fell by 9.5%
So can someone explain how the 32.9% is derived.
1
Posted on 7/30/20 at 12:13 pm to NC_Tigah
quote:0.905^4 = 0.671
Right.
GDP fell by 9.5%
So can someone explain how the 32.9% is derived.
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