GDP of the United States, the euro area and China on the epidemic and recovery

Continuing to my last post, here’s a graph of three major economies.

Figure 1: Real GDP for the US (blue), for the Eurozone (tan), for China (green), and GDO for the US (light blue), all in the records, 2019Q4 = 0. NBER marked peak-to-trough recession dates for the US in color shaded grey; Source: BEA, Eurostat, FRED, China NBS, NBER, and author’s calculations.

At current exchange rates, these three economies account for about 60% of global GDP (China about 20%, the United States about 25%).

The sharp decline in China’s GDP in the second quarter highlights the threat to global economic output due to the Chinese government’s current approach to dealing with the epidemic.

This entry was posted on by Minzy Chen.

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