Q1 GDP Contraction: US 4.8% VS CHINA 6.8% (China lost)

[Get Ya Wig Split]

China's economy just shrank for the first time in decades
https://edition.cnn.com/2020/04/16/economy/china-economy-gdp/index.html

China's economy shrank 6.8% in the first three months of 2020 compared with a year earlier

US GDP shrank 4.8% in the first quarter
https://www.cnbc.com/2020/04/29/us-gdp-q1-2020-first-reading.html

 

[xuxu1457]

Why is the United States decreasing? China's blockade lasted for two months in the first season, and the United States began to blockade in April. There was no blockade in the first season.

 

[Get Ya Wig Split]

BREAKING: Dow surges more than 500 points

 

[xuxu1457]

Much like the US mocked China in January and February, but now, America first, rockets to a million.
China has resumed production for a month and a half now.Best wishes

 

[vi-va]

China's economy just shrank for the first time in decades
https://edition.cnn.com/2020/04/16/economy/china-economy-gdp/index.html

China's economy shrank 6.8% in the first three months of 2020 compared with a year earlier

US GDP shrank 4.8% in the first quarter
https://www.cnbc.com/2020/04/29/us-gdp-q1-2020-first-reading.html

come back for second quarter. China was hit mostly in first quarter. US get hit mostly in second quarter.

I knew a lot people are bad on math, but you still surprise me.

 

[tower9]

US's hit is coming in the second quarter.

 

[F-22Raptor]

China's economy just shrank for the first time in decades
https://edition.cnn.com/2020/04/16/economy/china-economy-gdp/index.html

China's economy shrank 6.8% in the first three months of 2020 compared with a year earlier

US GDP shrank 4.8% in the first quarter
https://www.cnbc.com/2020/04/29/us-gdp-q1-2020-first-reading.html

Honestly the first quarter wasn’t nearly as bad as I thought. US GDP declined about $190 billion, which is basically a 3 month setback. Q2 will be bad, but recovery should begin in the 2nd half of the year. I have no doubt the US will come back strong.

 

[Globenim]

Donald Trump March 9: Nothing is shut down, life & the economy go on.

Americans where celebrating springbreak and beachparties until 3 weeks before Q1 was over.
America didnt even have free testing and pretty much no lockdown order until 2 weeks before Q1 was over. Even into April many states had no lockdown orders yet. This way Q2 is going to be at least twice as bad.

But ... congratulation for failing to deal in time with a known pandemic?

 

[Han Patriot]

US's hit is coming in the second quarter.

If even the first quarter it's already reduced by 4%, the second quarter will be worse. I think if they can't contain it, the US economy will tank by 20% FY. Wallstreet is not reflecting the main street conditions, money printed is being circulated in the virtual economy. Unemployment is the worst since Great depression.

 

[donkeykong]

I'm surprised US got hit so hard in first quarter lol. Second quarter china gonna be like 3percent decrease, US 20percent. China economy might be bigger than US after this is over lol.

 

[Nowshera]

Honestly the first quarter wasn’t nearly as bad as I thought. US GDP declined about $190 billion, which is basically a 3 month setback. Q2 will be bad, but recovery should begin in the 2nd half of the year. I have no doubt the US will come back strong.

How's Trump viewed in the US with regards to the economy? From what I've seen the economy seems to be doing great since he was elected.

 

[casual]

most economists predict US GDP to contract 30-45% in Q2. Even that number is being revised downward day by day. Q2 will really hurt. It'll take a while for economy to recover as it'll take a 100% increase to cancel out a 50% decrease.

 

[Menthol]

I think so.

It's matched with the timeline and government response over coronavirus.

China's government response started at the near end of January and ended in April, almost Q1 of 2020.

While USA started at the end of March.

 

[Han Patriot]

I doubt it, they can print money into the paper pushing economy and declarer that as GDP. I am very sure if measured in real GDP terms, China is already the largest economy.

I doubt it, they can print money into the paper pushing economy and declarer that as GDP. I am very sure if measured in real GDP terms, China is already the largest economy.

 

[Han Patriot]

I doubt it, they can print money into the paper pushing economy and declarer that as GDP. I am very sure if measured in real GDP terms, China is already the largest economy.