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  "documentTitle": "NY COVID-19 Preliminary Economic Impact Assessment",
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  "notes": "NY Real GDP rebased to its value in the latest pre-recession quarter. Total economic impact is calculated as the total 'area under water' relative to the most recent peak, measured as a percentage of pre-recession GDP. Quarterly GDP was interpolated from annual figures where unavailable.",
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      "text": "Estimated impact of this recession on the economy is greater than 9/11 and the Great Recession, characterized by a steeper decline from peak to trough",
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      "text": "These analyses represent only potential scenarios based on discrete data from one point in time. They are not intended as a prediction or forecast, and the situation is changing daily",
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      "text": "Impact index: 14%",
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      "text": "Notes: NY Real GDP rebased to its value in the latest pre-recession quarter. Total economic impact is calculated as the total 'area under water' relative to the most recent peak, measured as a percentage of pre-recession GDP. Quarterly GDP was interpolated from annual figures where unavailable. Source: BEA, NY DOB, BCG Analysis",
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