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:
Valadao, Costa Spar on What Passage of Trump’s Bill Means for Medicaid Recipients
Politics /
7 hours ago
Boeing Secures $2.8 Billion US Satellite Contract
Tech /
8 hours ago
Clovis Police Say At-Risk Missing Woman Found Dead in Mariposa County
Local /
8 hours ago
Over 100 Former Senior Officials Warn Against Planned Staff Cuts at US State Department
Politics /
9 hours ago
Fresno Police Recover Some of the $40,000 in Fireworks Stolen From Bullard High Team
Local /
10 hours ago
Eyeing Arctic Dominance, Trump Bill Earmarks $8.6 Billion for US Coast Guard Icebreakers
World /
10 hours ago
Fresno Crash Involving Unlicensed Teen Driver Sends Woman to Hospital
A two-vehicle collision sent a woman driving one of the vehicles to the hospital with a head injury Thursday afternoon in Fresno.
Fresno pol...
News /
6 hours ago
Categories
Latest
Videos

News /
6 hours ago
Fresno Crash Involving Unlicensed Teen Driver Sends Woman to Hospital

Politics /
7 hours ago
Valadao, Costa Spar on What Passage of Trump’s Bill Means for Medicaid Recipients

Tech /
8 hours ago
Boeing Secures $2.8 Billion US Satellite Contract

Local /
8 hours ago
Clovis Police Say At-Risk Missing Woman Found Dead in Mariposa County

Video /
11 hours ago