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  "documentTitle": "NY COVID-19 Preliminary Economic Impact Assessment",
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  "authorName": "BCG",
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  "notes": "The slide uses a 'waterfall' style logic to calculate the total economic impact as the sum of the area under the pre-recession GDP line and the area between the trend and the recovery path.",
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      "text": "Total economic impact estimated at $445B with a full recovery by early 2023",
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      "text": "Total economic impact estimated at $445B with a full recovery by early 2023. Economic loss to the NY Economy is estimated at $243B vs. pre-Covid GDP level cumulatively over the course of the full recovery...",
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      "text": "Notes: NY Real GDP rebased to value in 2019 Q4. Economic impact is calculated as the \"area under water\" relative to the most recent peak plus \"area above water\", measured as a percentage of pre-recession GDP. Source: BEA, NY DOB, BCG Analysis",
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      "text": "Latest estimates of economic impact in NY is $243B vs. pre-Covid GDP level, and an additional $202B vs. pre-Covid trend, for a total loss of $445B",
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