Thread by @YossiGestetner

@CNN @ChrisCuomo Hi @CNNPR The US economy shrank 9.5% in the second quarter while Germany sank 10.1%

The headline number of the US dropping 32.9% is on an annualized basis. Germany’s annualized basis is 34.6%

This is an embarrassing misread of the ABC of GDP reports by @ChrisCuomo and staff.

@CNN @ChrisCuomo @CNNPR In the Second Quarter of 2020, this is by how much economies were lower from Q1:

9.5% US

10.1% Germany

12.4% Italy

13.8% France

18.5% Spain

👆🏼👇🏼

On an annnual rate:

32.9% US

34.6% Germany

42.1% Italy

47.3% France

55.8% Spain

No one at @ChrisCuomo’s show gets this!

@CNN @ChrisCuomo @CNNPR @CuomoPrimeTime @mdornic @emkuhn @blaircofield @HLaurenBrown @nat3lia @jaketapper @brianstelter @jolshan @jbartash This is not some marginal mistake. @ChrisCuomo lined up the raw GDP plunge of Germany alongside the ANNUALIZED RATE of the US and suggested to his viewers that the US is 3 times as bad.

Not one Cuomo writer noticed it? Not one CNN Exec watching the show noticed this? My God!

@CNN @ChrisCuomo @CNNPR @CuomoPrimeTime @mdornic @emkuhn @blaircofield @HLaurenBrown @nat3lia @jaketapper @brianstelter @jolshan @jbartash Furthermore, Chris predicated his monologue that Trump is bad by wrongly thinking that the US economy plunged 3 times more than Germany in the second quarter. Now that Chris knows that the US fell less than Germany will he say Monday that Trump deserves credit?

@CNN @ChrisCuomo @CNNPR @CuomoPrimeTime @mdornic @emkuhn @blaircofield @HLaurenBrown @nat3lia @jaketapper @brianstelter @jolshan @jbartash More: Not only was the GDP plunge in the second quarter from the first quarter smaller in the US than in Europe. But this year’s Q2 compared to last year Q2 (a better measure) was also better here:

-9.54% US

- 11.7% Germany

-14.4% EU

-17.3% Italy

-19% France

-22.1% Spain

@ChrisCuomo @CNNPR @CuomoPrimeTime @mdornic @emkuhn @blaircofield @HLaurenBrown @nat3lia @jaketapper @brianstelter @jolshan @jbartash @richardquest @jchatterleyCNN @nmeyersohn @LaMonicaBuzz @b_fung Chris Cuomo on the GDP drop: “Of course the reason is Covid but it’s how this president mishandled Covid. What’s the proof? Lot’s of countries are dealing with Covid. Why are we down almost a third and yet Germany was down 10%.”

We were down 9.5%.

The 32.9% is annualized rate!