04-09-2020, 08:54 PM
The objective of the PPP plan is to have workers continue as employees (funded by the government) so the reported unemployment rate could reach 15-20% but still not reflect the true extent of workers who are not being effectively utilized.
The GS growth estimates for Q3 and Q4 reflect quarter-on-quarter growth, not year-on-year, so it is not unreasonable to expect that Q3 would be better than Q2, an Q4 to be better than Q3, although it is not a slam dunk.
The GS growth estimates for Q3 and Q4 reflect quarter-on-quarter growth, not year-on-year, so it is not unreasonable to expect that Q3 would be better than Q2, an Q4 to be better than Q3, although it is not a slam dunk.
