29 April 2021

Real GDP Almost Recovered

According to Calculated Risk, "real GDP is currently off 0.9% from the previous peak" as of the first quarter of 2021, while it was down more than 10% at its quarterly low point. 

So, we are getting closer to "back to normal", but we aren't there yet. We are still down as much as the peak of a medium severity recession. But, we are in a rapid rebound and are on track to get "back to normal" sometime in the early part of the second quarter (i.e. right around now).

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