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Recession Math for People Who Don’t Like Math
We’ve seen some frightening headlines about economies shrinking because of the Covid-19 pandemic, they’re is easy to misinterpret
24 Mar 2020, 11:00 AM IST
(Bloomberg Businessweek) -- We’ve seen some frightening headlines about how much the U.S. economy could shrink in the April through June quarter because of the Covid-19 pandemic. For example: “Coronavirus will send US GDP down a startling 13%: Deutsche Bank predicts.”
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