CQ: Day 83: GDP Could Fall by 53%

CQ: Day 83: GDP Could Fall by 53%

J

A report from the Atlanta Federal reserve now estimates that the U.S. GDP (Gross Domestic Product) could fall 53% in the second quarter of 2020. I wondered what that looked like, and I couldn’t find a graph of it, so I created this one, which shows quarterly GDP change since 1947, which is as far back as they calculated it.

It’s not pretty.