1/n Just a quick short note on GDP numbers Apr-June 2020 whether in India (YOY numbers - no seasonal adjustment) and US (quarterly numbers seasonally adjusted). By definition, when the economy suffers an outlier shock, seasonal adjustments are not that meaningful

2/n NOR are yoy comparisons that meaningful - both are incorrect and incomplete - No one expects annual GDP in US to be -31 % for FY21 nor India to be -24 % - India is still expected to be one of the fastest growing major economies in FY 21. hence, we will all have to wait & see.

n/n My simple point in original tweet was to show that a quarterly SA growth estimate was NOT comparable to a YOY estimate; nor is Apr-June quarterly figure of much meaning in first quarter of a pandemic year. cross-country comparisons at this point are not valid.