Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 26, 2020

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Sat Oct 03 10:45:57 +0000 2020

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Paul Krugman @paulkrugman

There's only one big report before the election, 3rd quarter GDP. And it will be massively misleading, because by comparing quarterly averages — roughly Aug v May — it will get the snapback but not the slowdown. 2/ — PolitiTweet.org

Posted Oct. 3, 2020

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Paul Krugman @paulkrugman

The job report got overshadowed, appropriately, but the story is becoming clear: a rapid but partial snapback in late spring/early summer, then a big slowdown. Monthly GDP estimates tell the same story 1/ https://t.co/r4zVDt0WeD https://t.co/ORd3c5XCIN — PolitiTweet.org

Posted Oct. 3, 2020

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Paul Krugman @paulkrugman

3-month changes show a 32% annual growth rate from May to August, in line with many 3q predictions. But annual growth rate *in August* <7%, and probably slowing 3/ — PolitiTweet.org

Posted Oct. 3, 2020