Note: During the pandemic, The Post has reported GDP at quarterly growth rates. In normal times, GDP is reported at an annualized rate. For example, a quarterly growth of 2 percent is reported as an annualized 8.2 percent, because that’s what you’d get if you compounded 2 percent quarterly growth over a full year. This allows easy comparisons between annual and quarterly figures. But in extraordinary times, when the economy changes at rates that are not sustainable over a full year, annualized figures can be misleading.