A 1% drop in GDP is a recession. In 1929 we had a 15% drop in GDP and called it a depression. This week we had a 33% drop in GDP. We need a new word.— Deacon Blues (@DeaconBlues0) August 1, 2020
Sunday, August 2, 2020
A 1% drop in GDP is a recession. In 1929 we had a 15% drop in GDP and called it a depression. This week we had a 33% drop in GDP. We need a new word.
