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All else equal, the more permanent the changes, the more attenuated the recovery.”The U.S. Bureau of Economic Analysis will release a revised estimate of gross domestic product (GDP) for the first quarter of 2020 on Thursday, May 28. The only major category Gapen expects will be positive is government consumption and investment, though it will add less than a percentage point to growth.An American flag hangs in a store window in Baltimore, Maryland, on April 25.-- Andrew Husby, Eliza Winger and Yelena ShulyatyevaConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Data due Thursday are forecast to show U.S. gross domestic product plummeted an annualized 34.8% in the second quarter, the most in records dating back to the 1940s, after the spread of Covid-19 prompted Americans to stay home and states to order widespread lockdowns.If the economy starts to deteriorate, the fourth quarter could show a contraction, said Gapen.Even though economic activity picked up in May and June as stay-at-home orders lifted, the scale of the decline in April likely far outweighed any gains later in the quarter.“Lockdowns enforced in March through April led to a plunge in consumer spending. Previous estimates predicted a 3.5 percent decrease in current dollar GDP, in large part due to COVID-19 response measures taken in March.Newswise gives journalists access to the latest news and provides a platform for universities, institutions, and journalists to spread breaking news to their audience.In response to the COVID-19 pandemic, DHS S&T is seeking groundbreaking solutions to address current and future operational needs.Students attending the last 2020 Office of Science Summer Internship Virtual Lecture Series seminar learned about how national laboratories are coming together to fight COVID-19.Women receiving standard treatment in New York City for ovarian, uterine, and cervical cancers are not at increased risk of being hospitalized for or dying from COVID-19 due to their cancer, a new study shows.Subway usage has dropped from 5.5 million on an average weekday to less than 500,000 a day, according to the report.265 Turkey Sag Trail, Suite 102, #110, Palmyra VA 22963“We know that much of the source data the BEA grabs for advanced estimates are incomplete and subject to revision, so all eyes go to the first revision coming up this week. "We fell 5 percentage points in the first quarter and consumption … Data are in current U.S. dollars. Specifically, we looked at how consumer spending has contracted nationally over the past several months and the extent to which spending has since recovered. BEA relies on reports from many agencies for these PCE components so I expect the preliminary numbers for them to be most exposed to a revision.Research from the Kem C. Gardner Policy Institute shows Utah’s relatively young population is contributing to a lower COVID-19 death rate than the nation as a whole.Wealthier communities went from being the most mobile before the COVID-19 pandemic to the least mobile, while poorer areas have gone from the least mobile to the most mobile, according to a study by the University of California, Davis.Below please find a summary and link(s) of new coronavirus-related content published today in Annals of Internal Medicine.As schools prepare to reopen and more people are heading back to their offices and shared work spaces, Syracuse University Professor Jianshun "Jensen" Zhang offers a three-step plan to improve indoor air quality (IAQ) and help prevent the spread of COVID indoors.
All else equal, the more permanent the changes, the more attenuated the recovery.”The U.S. Bureau of Economic Analysis will release a revised estimate of gross domestic product (GDP) for the first quarter of 2020 on Thursday, May 28. The only major category Gapen expects will be positive is government consumption and investment, though it will add less than a percentage point to growth.An American flag hangs in a store window in Baltimore, Maryland, on April 25.-- Andrew Husby, Eliza Winger and Yelena ShulyatyevaConnecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Data due Thursday are forecast to show U.S. gross domestic product plummeted an annualized 34.8% in the second quarter, the most in records dating back to the 1940s, after the spread of Covid-19 prompted Americans to stay home and states to order widespread lockdowns.If the economy starts to deteriorate, the fourth quarter could show a contraction, said Gapen.Even though economic activity picked up in May and June as stay-at-home orders lifted, the scale of the decline in April likely far outweighed any gains later in the quarter.“Lockdowns enforced in March through April led to a plunge in consumer spending. Previous estimates predicted a 3.5 percent decrease in current dollar GDP, in large part due to COVID-19 response measures taken in March.Newswise gives journalists access to the latest news and provides a platform for universities, institutions, and journalists to spread breaking news to their audience.In response to the COVID-19 pandemic, DHS S&T is seeking groundbreaking solutions to address current and future operational needs.Students attending the last 2020 Office of Science Summer Internship Virtual Lecture Series seminar learned about how national laboratories are coming together to fight COVID-19.Women receiving standard treatment in New York City for ovarian, uterine, and cervical cancers are not at increased risk of being hospitalized for or dying from COVID-19 due to their cancer, a new study shows.Subway usage has dropped from 5.5 million on an average weekday to less than 500,000 a day, according to the report.265 Turkey Sag Trail, Suite 102, #110, Palmyra VA 22963“We know that much of the source data the BEA grabs for advanced estimates are incomplete and subject to revision, so all eyes go to the first revision coming up this week. "We fell 5 percentage points in the first quarter and consumption … Data are in current U.S. dollars. Specifically, we looked at how consumer spending has contracted nationally over the past several months and the extent to which spending has since recovered. BEA relies on reports from many agencies for these PCE components so I expect the preliminary numbers for them to be most exposed to a revision.Research from the Kem C. Gardner Policy Institute shows Utah’s relatively young population is contributing to a lower COVID-19 death rate than the nation as a whole.Wealthier communities went from being the most mobile before the COVID-19 pandemic to the least mobile, while poorer areas have gone from the least mobile to the most mobile, according to a study by the University of California, Davis.Below please find a summary and link(s) of new coronavirus-related content published today in Annals of Internal Medicine.As schools prepare to reopen and more people are heading back to their offices and shared work spaces, Syracuse University Professor Jianshun "Jensen" Zhang offers a three-step plan to improve indoor air quality (IAQ) and help prevent the spread of COVID indoors.