Whatever else can be said, all economic charts in the future will be useless because they will be dominated by the Covid spikes
I noticed last evening that the Bank of England had released its Monetary Policy Report with some rough and ready GDP estimates/forecasts. They reckon UK GDP probably fell by about 3 per cent in the March quarter (which would be a smaller fall than in quite a few other big European countries) and then by about a further 25 per cent in the June quarter. In previous comments both the Bank of England and the Office for Budget Responsibility had estimated that during the lockdown itself GDP would be perhaps 35 per cent less than normal.
The Bank of England described their numbers as rough and ready. I pulled out an old envelope and sketched out on the back of it some week by week stylised “rough and ready”) numbers for New Zealand. In part I was curious to see what it would take to produce a similar…
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Utopia, you are standing in it! 
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