July 31, 2020

Chart of the Day: European GDP Plummets in Q2 Too

You think we have it bad? GDP plunged by 11.9 percent in Europe during the second quarter of the year. Here’s what that looks like:

There is, however, a bright side to this: Europe has mostly crushed COVID-19. They took their shutdown more seriously than we did, and they kept it in place for about a month longer. The result is an economic crash even worse than ours, but with prospects of a full recovery this year now that the virus is under control. By the end of the year we’ll know for sure whether the European or American strategy worked better in the long run.

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

With only days left until December 31, we've raised about half of our $400,000 goal—but we need a huge surge in reader support to close the remaining gap. Whether you've given before or this is your first time, your contribution right now matters.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do. That’s why we need you right now. Please chip in to help close the gap.

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