Forecast: Fresno County to See $2.2B GDP Hit in Virus-Stricken Q2
By News
Published 4 years ago on
April 1, 2020
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:
Unlocking the Secrets to Fresno State’s Superb Baseball Season
Sports /
3 hours ago
Get a 3D First Look at Merced’s High-Speed Rail Station Design
Events /
4 hours ago
California Court to Decide on Transgender Ballot Measure Wording
Politics /
4 hours ago
Rare House Vote Sees Ukraine, Israel Aid Advance as Democrats Join Republicans
Politics /
6 hours ago
Full Jury and 6 Alternates Seated in Trump’s Hush Money Trial
Crime /
6 hours ago
Man Sets Himself on Fire Outside Trump Hush Money Trial Court
NEW YORK — Police officials said they were reviewing whether to restrict access to a public park outside the courthouse where former Preside...
U.S. /
19 mins ago
Categories
Latest
Videos
U.S. /
19 mins ago
Man Sets Himself on Fire Outside Trump Hush Money Trial Court
Economy /
1 hour ago
Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?
Sports /
3 hours ago
Unlocking the Secrets to Fresno State’s Superb Baseball Season
Events /
4 hours ago
Get a 3D First Look at Merced’s High-Speed Rail Station Design
Politics /
4 hours ago
California Court to Decide on Transgender Ballot Measure Wording
Economy /
1 day ago