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U.S. GDP booms 7.4% in Q3, 33.1% annual rate following record decline in Q2

U.S. GDP booms 7.4% in Q3, 33.1% annual rate following record decline in Q2

Following the worst quarter ever, the US economy grew at its fastest pace ever in the third quarter, the Commerce Department reported Thursday. GDP expanded 7.4% in the third quarter which is a 33.1% annual rate. The gain came after a 9% plunge in the second quarter. Due to a quirk in compounding, the 2Q result compounds to a smaller magnitude -31.4% annual rate.

Skeptic
Skeptic
ProveTheVotes
ProveTheVotes 3 weeks

It means that the 3rd quarter of 2020 had record shattering growth for July, August and September. This means Trump has done his job repairing the economy and has done it well!!! Now let’s see what the liberals have to say, let me guess it’s either wrong or somehow he has nothing to do with it... let the liberal show begin!!!

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