Analysts are honing their Q3 GDP estimates—which will be released just days before the election

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.