State Coronavirus Shutdowns Have Taken 29% of U.S. Economy Offline

[mahatmakanejeeves]

WSJ NEWS EXCLUSIVE ECONOMY

State Coronavirus Shutdowns Have Taken 29% of U.S. Economy Offline

Eight in 10 U.S. counties are under lockdown orders, according to a study, and they represent nearly 96% of national output

By Josh Mitchell
April 5, 2020 5:30 am ET

At least one-fourth of the U.S. economy has suddenly gone idle amid the coronavirus pandemic, an unprecedented shutdown of commerce that has darkened stores from Manhattan to Gilpin County, Colo., an analysis conducted for The Wall Street Journal shows.

The study, by the economic-analysis firm Moody’s Analytics, offers one of the most comprehensive looks yet at how much of the world’s largest economy has shut down in the past three weeks, and which states and regions are being slammed the hardest. While the full extent of...

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Moody's Analytics Coronovirus Effects

[gibraltar72]

1. So far.

[gab13by13]

2. What makes matters so bad,

is that the US went from a manufacturing country to a service industry country, and let's not forget that 73% of GDP comes from consumer spending. Our GDP numbers should be bad for this 1st quarter, if no one rigs them, but the numbers for the 2nd quarter will be horrendous.

By the bye, anyone know what our national debt is right now? I haven't heard anyone talk about it recently. President Obama was blasted for his 787 billion dollar stimulus but for Republicans money is no object.