No, wait, compared quarter to quarter it really did decrease by 32.9%. The 9.5% is what would be missing if suddenly everything went back to normal. Which it won't.
I don't think that's true. Or maybe I misunderstand you?
The US GDP in constant dollars [1] went from $19.0 Trillion in 2020Q1 to $17.2 Trillion in 2020Q2. The number for 2019Q2 was also $19.0 Trillion.
Isn't this a 9.5% decrease from both the previous quarter, and the same quarter in the previous year? Is there a way in which this read as a real 32.9% decrease?
The US GDP in constant dollars [1] went from $19.0 Trillion in 2020Q1 to $17.2 Trillion in 2020Q2. The number for 2019Q2 was also $19.0 Trillion.
Isn't this a 9.5% decrease from both the previous quarter, and the same quarter in the previous year? Is there a way in which this read as a real 32.9% decrease?
[1] https://tradingeconomics.com/united-states/gdp-constant-pric...