Economic Downturn: Difference between revisions
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| Line 7: | Line 7: | ||
*7.5 decrease in consumer spending | *7.5 decrease in consumer spending | ||
= | =March 2020= | ||
This one shows 50% drop USA: | |||
*'''It's 9% drop. [https://www.thebalance.com/u-s-retail-sales-statistics-and-trends-3305717]''' | |||
*This one shows 50% drop USA: | |||
https://www.economist.com/graphic-detail/2020/04/09/how-the-covid-19-pandemic-is-changing-americans-spending-habits | https://www.economist.com/graphic-detail/2020/04/09/how-the-covid-19-pandemic-is-changing-americans-spending-habits | ||
Revision as of 15:30, 4 May 2020
May 2020
- 4.8% quarter drop - [1]
- Dow Jones Industrial Average down by 20%? [2]. OK, but this doesn't mean much in sales.
April 2020
- 25% down on the S&P 500, which is apparently faster than Great Depression - [3]
- 7.5 decrease in consumer spending
March 2020
- It's 9% drop. [4]
- This one shows 50% drop USA:
This one shows 9% drop USA:
https://www.cnbc.com/2020/04/15/us-retail-sales-march-2020.html
How do we reconcile both?