Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter

Discussion in 'Political Issues' started by DonGlock26, Oct 29, 2020.

  1. DonGlock26

    DonGlock26

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    "Gross Domestic Product, Third Quarter 2020 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent.

    The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the third quarter, based on more complete data, will be released on November 25, 2020.

    Real GDP: Percent change from preceding quarter, Q3 2020 (Adv)
    [​IMG]

    https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-estimate "
     
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  2. Rex Vallachorum

    Rex Vallachorum Previously achieved fame and glory as Burebista

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  3. ModGlock17

    ModGlock17

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    It means we're recovering nicely. We were in a deep hole in Q2, I believe it was the wish of Dems and Rhinos who don't mind destroying the country to dissipate the strength of American economy since 2017.

    Things to watch: with so much cash infused into the economy (no better option at the time) by way of stimulus money, it gives rise to a strong economy but also INFLATION in the years ahead. This sets up the case for Democrats in 2024. Be very aware.

    We were wounded, and shots of morphine helped ease the pain. But there are repercussions which will be obvious in the years ahead.
     
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  4. ranger1968

    ranger1968

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  5. Judge Bean

    Judge Bean

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    So we're almost back to where we were last year, but the market just dropped.