Forecast: Fresno County to See $2.2B GDP Hit in Virus-Stricken Q2
Share
[aggregation-styles]
The Business Journal
Fresno County stands to see an economic loss of $2.2 billion in the virus-stricken second quarter of the year, equaling a 17.7% decline in GDP.
On a more human level, that’s a loss of $6,700 in GDP for each Fresno County household.
That’s the forecast from Massachusetts-based data science firm StratoDem Analytics, which generates geographic market intelligence and forecasting used by real estate investors.
The majority of US counties will likely see a 15-20% drop in Q2 GDP, according to the county-level GDP forecast. StratoDem Analytics’ average GDP loss forecast of 18.1% is a “consensus estimate” of forecasts from financial institutions such as Goldman Sachs, JP Morgan and Morgan Stanley, which StratoDem Analytics notes range “widely.”
Read More →
The Business Journal
Fresno County stands to see an economic loss of $2.2 billion in the virus-stricken second quarter of the year, equaling a 17.7% decline in GDP.
On a more human level, that’s a loss of $6,700 in GDP for each Fresno County household.
That’s the forecast from Massachusetts-based data science firm StratoDem Analytics, which generates geographic market intelligence and forecasting used by real estate investors.
The majority of US counties will likely see a 15-20% drop in Q2 GDP, according to the county-level GDP forecast. StratoDem Analytics’ average GDP loss forecast of 18.1% is a “consensus estimate” of forecasts from financial institutions such as Goldman Sachs, JP Morgan and Morgan Stanley, which StratoDem Analytics notes range “widely.”
Read More →
By The Business Journal Staff | 31 Mar 2020
RELATED TOPICS:
Israeli Gunfire Kills 17 People Near Gaza Aid Site, Health Officials Say
World /
8 hours ago
Parliament Member Corbyn Calls for Inquiry Into UK Role in Gaza War
World /
9 hours ago
An Unknowing Fresno County Gave Community Medical $2.7M While Hospital Engaged in Kickback Scheme
Latest /
4 hours ago
Wall Street Ends Higher as Investors Track Progress of US-China Trade Talks
Economy /
6 hours ago
Israel Strikes Hodeidah Port, Threatens Naval, Air Blockade
World /
6 hours ago
Britain and Allies Sanction Israeli Far-Right Ministers for ‘Inciting Violence’
World /
7 hours ago
Trump Aide Criticizes Mexican President on Los Angeles Protests
Politics /
7 hours ago
Israeli Gunfire Kills 17 People Near Gaza Aid Site, Health Officials Say
World /
8 hours ago
Parliament Member Corbyn Calls for Inquiry Into UK Role in Gaza War
World /
9 hours ago
An Unknowing Fresno County Gave Community Medical $2.7M While Hospital Engaged in Kickback Scheme
Latest /
4 hours ago
Wall Street Ends Higher as Investors Track Progress of US-China Trade Talks
Economy /
6 hours ago
Israel Strikes Hodeidah Port, Threatens Naval, Air Blockade
World /
6 hours ago
Britain and Allies Sanction Israeli Far-Right Ministers for ‘Inciting Violence’
World /
7 hours ago
Trump Aide Criticizes Mexican President on Los Angeles Protests
Politics /
7 hours ago
Israeli Gunfire Kills 17 People Near Gaza Aid Site, Health Officials Say
World /
8 hours ago
Parliament Member Corbyn Calls for Inquiry Into UK Role in Gaza War
World /
9 hours ago
Arizona Governor Vetoes Bill to Ban Teaching Antisemitism in Arizona’s Public Schools
PHOENIX — Arizona Gov. Katie Hobbs has vetoed a proposal that would ban teaching antisemitism at the state’s public K-12 schools, universiti...
Politics /
2 hours ago
Categories
Latest
Videos

Politics /
2 hours ago
Arizona Governor Vetoes Bill to Ban Teaching Antisemitism in Arizona’s Public Schools

Politics /
2 hours ago
US Rep. LaMonica McIver Indicted on Federal Charges From Skirmish at New Jersey Immigration Center

Politics /
3 hours ago
US Military Bases to Restore Names Changed After Racial Justice Protests, Trump Says

Latest /
4 hours ago
An Unknowing Fresno County Gave Community Medical $2.7M While Hospital Engaged in Kickback Scheme

Economy /
6 hours ago
Wall Street Ends Higher as Investors Track Progress of US-China Trade Talks

World /
6 hours ago
Israel Strikes Hodeidah Port, Threatens Naval, Air Blockade

Food /
6 days ago