Shape of Recovery: Square Root & Hockey Stick
While GDP data for Q1 are now “old” and seemingly of limited use, it makes little sense to forecast global growth in Q2 and beyond without at least knowing the starting point. We estimate, based on data for 19 major economies, that global GDP growth slowed to -2.6% yoy in Q1 from +3.0% yoy in […]
Shape of Recovery: Square Root & Hockey Stick
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