Last year saw the worst decline for U.S. GDP in 74 years.
The growth is good, but it'll be a while before the U.S. economy is back to where it was before COVID-19 happened.
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
The number is going to be “annualized.”
The employer-provided health insurance losses projected to come could cost the U.S. economy another 1.5 million to 2.5 million jobs.
It's by far the worst quarterly plunge ever.
The economic argument for wearing a mask.
That means fewer jobs and more debt. And the U.S. may be in for even worse.
If one quarter differs significantly from another, it's hard to paint a picture of the entire year.
We have to take the word of economists at the National Bureau of Economic Research, who have been making that call for a hundred years.