‘GDP growth just rebounded from economic collapse last year’ – Ibon

According to research group IBON, the year-on-year 11.8% GDP growth looked promising only because it was compared to the 17.0 contraction on the second quarter of 2020 – when lockdowns were at their worst. Seasonally adjusted quarter-to-quarter growth, which is a clearer gauge of momentum said the group, revealed that the nation’s GDP actually decreased… Continue reading ‘GDP growth just rebounded from economic collapse last year’ – Ibon