3 ms·
That’s an odd way of looking at it. GDP does not require a annual timescale. You are free to use your own. Quarters are also common and the headline makes that
by randyrand 6y ago
That’s an odd way of looking at it.
GDP does not require a annual timescale. You are free to use your own. Quarters are also common and the headline makes that clear.
Plus, they can’t report on the annual GDP until the year ends, so even that 8% figure might not be accurate!
- maxerickson 6y agoNo, it's a response to the poor phrasing of the headline, which says GDP shrunk 33%. It didn't shrink 33%. The headline could try to state that it shrunk at a rate of 33% per year, but people aren't numerate enough for that. It should use the correct, absolute, contraction and state the period that it happened over.