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Did It Rise? Or Did It Fall? Making Sense Of Q1 GDP Data
On a quarter-on-quarter seasonally adjusted basis, the impact of the second wave was about a third of the first wave.
01 Sep 2021, 05:01 PM IST
A pandemic-driven plunge and then a base effect driven rise. In the midst of that, a second wave of Covid-19 infections, which interrupted a recovery which had just about begun.With each of those elements playing into the first quarter gross domestic product data released by the government on Tuesday, deciphering underlying trends in the economy has been difficult.Most economists are looking through the 20.1% year-on-year growth in ...
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