The Trump administration is predicting a huge rise in GDP for the 3rd quarter. Two notes of caution are in order. First, take an extreme example if the economy shrinks from $20t to $13.3t, a reduction of 33% and then grows by 50% it may look like we're way better off but in fact were back to exactly where we were: $20t.
Put another way, if the economy contracts 9.5% and then expands 9.5%, GDP will be about 1% lower than it was before decrease. But no doubt Trump will claim that the rise is thanks to his stable genius.
And we should forget that none of this is going to happen if people can't go back to work because the pandemic isn't under control or the jobs they had before covid have disappeared.
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