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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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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