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These numbers need to be compared to the numbers in the same country for the previous year. For example, in China a 3% increase is actually a regression, becaus
by twblalock 6y ago
These numbers need to be compared to the numbers in the same country for the previous year. For example, in China a 3% increase is actually a regression, because they did 6% in 2019.
Even that isn't enough, because we don't have the numbers for each country if it didn't lock down. It's all hypothetical. What would Norway's GDP growth rate have been without a lockdown, for example? The answer is a number. It's unknowable. People claiming that things would have been as bad, or worse, have zero evidence to back them up. People like me who say it would not have been as bad have evidence based on observed consumer behavior which was clearly curtailed during the lockdown and improved after.