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 →