1. 3% is an annualized number. 2. The _entire_ economy is not shut down even in the hardest hit areas. In fact, most people are actually still working - from

1. 3% is an annualized number. 2. The _entire_ economy is not shut down even in the hardest hit areas. In fact, most people are actually still working - from home. 3. Most countries are not in lockdown, or are only partially shut-down.