Economic Costs of Shutdown
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Economic Costs of COVID-19 Shutdown
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Compiled by
http://www.grassfire.com
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Updated:3/24/2020
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Observations
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1. Projected direct GDP loss based on Goldman Sachs 3/20 projections is:
-$2,387,419,544,303
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2. This may worsen if the shutdown is prolonged
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OriginalTotal GDPRevisedTotal GDP
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YearGrowth Rate(in trillions)Growth Rate(in trillions)gain/loss
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Start21.42721.427
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20202.00%21.856-3.40%20.698-1.157
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20211.90%22.2713.69%21.462-0.809
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20221.80%22.6723.69%22.254-0.417
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20231.80%23.0803.69%23.075-0.004
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Total111.305108.917-2.387
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source:
https://www.worldometers.info/coronavirus/country/us/
https://www.worldometers.info/coronavirus/country/us/
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daily tests
https://docs.google.com/spreadsheets/u/2/d/e/2PACX-1vRwAqp96T9sYYq2-i7Tj0pvTf6XVHjDSMIKBdZHXiCGGdNC0ypEU9NbngS8mxea55JuCFuua1MUeOj5/pubhtml#
https://docs.google.com/spreadsheets/u/2/d/e/2PACX-1vRwAqp96T9sYYq2-i7Tj0pvTf6XVHjDSMIKBdZHXiCGGdNC0ypEU9NbngS8mxea55JuCFuua1MUeOj5/pubhtml#
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Mortality RATE based on early non-reported cases in China
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U.S. Mort. Rate before testing jump
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% Unreported Cases at China outset:
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Est. total cases on 3/16
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Est. Mortality RATE
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Note: Daily new cases jumps significantly starting 3/17 due to expanded U.S. testing so this uses 3/16 as comparison for early results in China.
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