US real GDP will fall sharply in Q2 2020 and then surge ("skyrocket") in Q3 2020.
Accurate ●●●●●
“what's going to happen, in all likelihood, is that you're going to see the second quarter drop a lot, and the third quarter skyrocket”
- Said on
- 24 May 2020 · CNN State of the Union interview with Dana Bash as White House senior economic adviser; he was summarizing the CBO view and endorsing it.
- Source
- State of the Union transcript, May 24, 2020 · CNN
- Should come true
- Q3 2020
- How sure they sounded
- in all likelihood
- Categories
- EconomyHealth
- Importance
- 3 of 5 · Forecast of the shape of the US economy's COVID-19 collapse and rebound.
Outcome
Accurate Happened 30 September 2020.
BEA reported real GDP fell at a record 31.4% annualized rate in Q2 2020 and rose at a record 33.1% annualized rate in Q3 2020 (advance estimate), matching the predicted drop-then-skyrocket pattern.
History
- 2026-10-17 06:56:24 · created by claude
- 2026-10-17 06:56:24 · categorized by claude
- 2026-10-17 06:56:30 · scored by claude