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What the Second Quarter GDP Estimates Reveal*
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Dec 7th 2020, Prabhat Patnaik
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Government
spokespersons exhibited much euphoria over "only"
a 7.5% drop in growth over the second quarter, compared
to that of 2019-20, although with the 23.9% first quarter
drop, the talk had been of a "stronger recovery".
However, even this recovery appears both dubious and
immiserizing.
*
This article was originally published in People's
Democracy on December
6, 2020.
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