Thursday, October 29, 2020

GDP up 33 percent in third quarter

The Donald Trump boom is back. From CNBC:
Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together.
Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded at a 33.1% annualized pace, the Commerce Department reported Thursday in its initial estimate for the period.
Markets reacted positively to the news, with Wall Street now looking at a flat to slightly positive open.

1 comment:

Anonymous said...

Once you've crushed a nation's economy to death, the only way to go is up! WOOO BIG WINS MEGA HUGE!