Ford School of Public Policy: Did the U.S. Economy Shrink by 32.9 Percent?
August 05, 2020
August 05, 2020
ANN ARBOR, Michigan, Aug. 5 -- The Gerald R. Ford School of Public Policy issued the following news:
The devastating GDP numbers announced at the end of July -- a decline of 9-and-a-half percent -- are the worst in American history, according to Ford School economics professor Justin Wolfers. The way the numbers are reported, that at an annualized rate the economy was on track to shrink by 32-point-nine percent. Appearing on The Indicator on Planet Money, Wolfers said that such a sc . . .
The devastating GDP numbers announced at the end of July -- a decline of 9-and-a-half percent -- are the worst in American history, according to Ford School economics professor Justin Wolfers. The way the numbers are reported, that at an annualized rate the economy was on track to shrink by 32-point-nine percent. Appearing on The Indicator on Planet Money, Wolfers said that such a sc . . .