To preempt the oann consumers
http://www.vox.com/21531764/economy-recovery-gdp-growth
Okay, I'm pretty confused.
According to their estimates, real GDP rebounded about 5 percent in May and 6 percent in June. After that, though, monthly growth slowed sharply, to about 1.5 percent in July and about 0.5 percent in August. If their estimates prove accurate, a 33 percent GDP growth rate for the third quarter would be consistent with essentially no growth in the month of September.
So, I get that 5% recovery in a month would be 60% annualized and that the May, June, and July increases work out to almost 13% and therefore would be almost 52% annualized. But if we are discussing 3rd Quarter, then it starts with the 1.5, gets 0.5 in August, how does no growth in Sept. equal 33% annualized?!
Sept. would have had to have grown at roughly 5.4% to make those three months combine to ~7.5%, which is what I am pretty sure you would have to see to have annualized growth of 30%. (Or 4.16% to get to 6.25% for the quarter, to get to 25% for the year.)
I can do math. I can read a GDP chart (or two or three). And the monthly GDP increases don't show me where that 25-30% figure is coming from. Nor do the figures in the paragraph from the Vox article.
What am I doing wrong?