The View from the Base of Recovery Mountain
Aug 03, 2020•10 min•Ep. 102
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Episode description
New GDP data released last week confirmed that the 2020 recession has been the deepest in over 70 years, with a peak-to-trough decline in real output of 10.6%. This, of course, was already evident in monthly data on consumption, employment, trade and inflation and has been reflected in a very sharp decline in corporate profits.
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