Restarting the economic growth will need considerable private sector injections of funds over a 3–5 year recovery cycle.

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Thursday, April 29, 2020, the U.S. Department of Commerce reported that consumer spending dropped by 7.5% in March. The day before, the advance estimate for gross domestic product (GDP) for the first quarter of 2020, indicated a contraction of 4.8%.

The consumer spending contraction is particularly problematic as consumer spending accounts for 70% of total economic output in the U.S.

It will be difficult to restart the economy without consumer spending. It will be difficult to restart small business without money that can be spent. …









About

Peter Went

Data science rōnin. 浪人 I teach machines to learn and people to solve problems. Analytics, strategic leadership, machine learning, alternative data, and yoga.

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