Of course. This was probably my dumbest question in 2020.
Still a long way to go, you might top it.
Thanks for the clarification in grandparent comment, i wasn't aware.
What is the purpose is using the 0.095 figure?
the economy contracted 9.5% -> 0.095
Was this figure from the previous quarter or the same quarter last year?
It presupposes that the quarterly trend will continue at the same rate. In finance, annualizing is a good way to try and extrapolate from the current trend, but in this unprecedented pandemic, the current trend is extraordinarily volatile.
well yes, but as long as there's no vaccine, it remains fairly predictable it seems.