Well, just check out the first quarter of 2020:Quarterly GDP change = -1.22%Quarterly GDP amount and change = $4.75 T, down $0.06 TIs that all there is? Annualized quarterly GDP changes John Tobey (FRB of St Louis - FRED)Now look at the comparison of those annalized rates with the actual, quarterly rates. The real 2020 story is a potential 10% decline in the first halfThat -30% is the result of annualizing a forecast quarterly drop of about -8.5%. Note: The fourth quarter 2008 GDP drop was later revised lower to -8.4%. Most importantly, it gets rid of the headline-making, confusion-causing and highly inaccurate, annualized quarterly numbers during volatile times.

Source: Forbes May 03, 2020 23:37 UTC