Economic Downturn

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May 2020

4.8% quarter drop - [1]

April 2020

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

This one shows 9% drop USA:

https://www.cnbc.com/2020/04/15/us-retail-sales-march-2020.html

How do we reconcile both?

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