Analysts are honing their Q3 GDP estimates—which will be released just days before the election
Posted on AllSides August 7th, 2020
From The Center
The good news is that recent estimates have the U.S. economy poised for a record rebound following last quarter’s depressing GDP figures.
The bad news is that 2020 is still on track to be a miserable year for the economy when it’s all said and done.
New projections are forecasting U.S. GDP to grow by around 20% on an annualized basis in the third quarter, as activity ramps back up following coronavirus-related lockdown measures that devastated the economy through the first two quarters of the year.
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