Why Economists Think the Weather Is Responsible for the GDP Contraction and Why They Are Wrong

The answer is more complicated than just snow and wind
Why Economists Think the Weather Is Responsible for the GDP Contraction and Why They Are Wrong
Boston park rangers clear snow from around their car in Boston, on Feb. 9, 2015. AP Photo/Steven Senne
Valentin Schmid
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Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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