US GDP Bounceback Bigger than Expected at 33.1% in Q3 mdi-fullscreen

The US Commerce Department reported today that it estimates GDP grew at a 33.1% annualised pace from July to September. That outstrips the 31.4% drop from April to June, and beat the estimate from economists surveyed by Dow Jones. The resilience of the US economy is awesome. Expect Trump to boast this is roughly double the previous GDP growth record of 16.7%, set in Q1 1950…

mdi-tag-outline US Election
mdi-account-multiple-outline Donald Trump
mdi-timer October 29 2020 @ 13:01 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
Home Page Next Story
View Comments