2 ms·
The economy has contracted substantially. This report projects growth from this lower base. That will leave an output gap between where we would have been sans
by dhnajsjdnd 6y ago
The economy has contracted substantially. This report projects growth from this lower base. That will leave an output gap between where we would have been sans pandemic (if growth had continued normally) and where we are. That effects you describe make up that output gap.
- mark-r 6y agoI still assert that the damage done limits the potential growth rate. It's going to be baby steps in the beginning.