Europe 🇪🇺vs US 🇺🇸GDP

For those who say that US 🇺🇸GDP fall is worse than Europe, remember US 32.9% is quarter annualized.#GDP

For comparison:

US -9.5%
Spain -18.5%
Italy -12.4%
Eurozone (estimate) -12.1%

Quarter annualized:

US -32.9%
would be
Spain -55.8%
Italy -42%

— Daniel Lacalle (@dlacalle_IA) July 31, 2020