THE END OF THE GDP CONSENSUS?

At the time of writing, the U.S. economy is contracting at a rate not seen since the Great Depression. The result could well make the financial crisis of 2008-09 seem like a minor inconvenience. The lockdown policies appear to be at once destroying and reshaping the economy in profound ways. Extrapolating recent trends forward do not paint a rosy picture. We may be looking at a huge loss in wealth and permanent unemployment for many. Small businesses may become a thing of the past and those lucky enough to have jobs may be at the mercy of monopolies.

https://www.firstthings.com/web-exclusives/2020/08/the-end-of-the-gdp-consensus?fbclid=IwAR17nZKVd9VBN_-sSKav86SdbI_AuTHvKvoehhHJdFI29ibsR68p4tVwUG0