Maris Research

U.S. GDP Rebounded in the Third Quarter

Share on facebook
Share on facebook
Share on twitter
Share on linkedin

The U.S. economy rose at the fastest rate on record in the third quarter of 2020 as the economy recovery took hold. Real GDP in the third quarter was close to the pre-recession level, but further recovery is needed.

According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 33.1% in the third quarter of 2020, following two consecutive decreases in the first quarter (-5.0%) and the second quarter (-31.4%). This quarter’s rate marked the fastest growth rate on record since the quarterly GDP data first was tracked in 1947 and was above NAHB’s forecast of a 25.6% increase.

The COVID-19 recession is singular. In the second quarter of 2020, national shutdowns and restrictions plunged the U.S. economy into the worst recession since World War II. In the following quarter, from July to September, reopening economic activities strengthened the U.S. economy significantly and real GDP grew at an unprecedented pace. However, the recovery remains incomplete, with additional gains challenged as the COVID-19 cases increase and uncertainty grows over health, policy and economic factors.

The increase in real GDP in the third quarter of 2020 reflected

... continue reading 3rd party author's post at source website

order-1586392_1280

Can't Get Enough Freebies? Subscribe to our Newsletter!

We will send you free research and analysis summarized at the end of each month.

Newsletter Sign up

Top Posts

PLACE HOLDER FOR AD PAGE – SEE 18:– OF VIDEO.€

What is Flywheel?

notes-150587_1280

More Articles.

Libby Cantrill

Will Taxes Rise in the U.S.?

Although the ink on the $1.85 trillion COVID relief bill, “American Rescue Plan,” is hardly dry, many investors understandably are focused on what is next – and specifically on potential tax increases in the U.S. While work has not started in earnest on a tax bill – or on an infrastructure bill that tax changes

Read More »
macromon

Is Peak COVID In?

We think so.  The daily new case curves are turning down and though the death curve will lag for a few weeks, it will also start to turn down soon. Thank, God, we can see the light at the end of the tunnel. Back to normal?  Far from it. In recent days, coronavirus cases have

Read More »
Nat. Assn. of Realtors

A Third of Realtors® Assisted Their Clients With Buying or Selling a Property That Had “Green” Features in the Past Year

WASHINGTON (April 20, 2021) – Thirty-two percent of Realtors® said they had been directly involved with buying or selling a property that had green or eco-friendly features in the past 12 months, according to a new report from the National Association of Realtors®. NAR’s 2021 Realtors® and Sustainability Report surveyed Realtors® about sustainability issues facing

Read More »

Get content like this sent directly to your inbox!

Follow OnceBurned

Share on facebook
Share on twitter
Share on linkedin
Scroll to Top