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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AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

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