Best Automated Bot Traffic

Worldnews24daily

Breaking News, Politics, Sports, Business, Entertainment

Home Business

US GDP growth 33.1% in third quarter of 2020

by Emily Karlik
November 2, 2020 1:25 pm
in Business
0 0
US GDP growth 33.1% in 2020
Facebook
US GDP growth 33.1% in 2020
United States GDP growth rate has a good position from to the past few months | Photo: Investnove

US GDP growth rate is 33.1% in the third quarter of 2020. In the second quarter, the US annual GDP was reduced by 31.4%.

Much of what happened in the second quarter has turned the United States around. And analysts are of the opinion that Donald Trump will be the winner in the next election.

In the US 33.1% is the highest GDP growth rate in the third quarter since the calculation of quarterly growth began in 1948.

The reason for publishing it as an annual without considering the actual growth rate of a quarter is the assumption that the growth trend of one quarter will continue into the next quarter.

But in times of uncertainty, economists think it is better to publish real accounts than these accounts. The actual growth in this quarter has been 7.4%. As a result, the contraction in the previous quarter was 9%.

However, the economic activity of the United States has increased a lot in the third quarter. After the lockdown, like other countries, they also opened everything. But economists say there is no reason to believe that the United States’ plight is over.

Economists say that although the third-quarter growth rate is higher than the second-quarter contraction, the economy has not yet fully recovered.

The thing is that the contraction of the second quarter was so great that the base of the third quarter was much lower.

The matter can be understood only by comparing it with the pre-epidemic period. That is the US economy is still 3.5% smaller than at that time.

According to the US National Bureau of Economic Research, the epidemic began in February this year. It is unknown at this time what he will do after leaving the post.

Meanwhile, the first month of the fourth and last quarter of the year has passed. With this, the incidence of coronavirus is increasing. The coronavirus second wave has started. In this situation, analysts believe that the pace of economic activity has slowed down again.

Tags: GDPIMFUS

Related Posts

UK trade centers
Business

UK going to establish four regional trade centers

IMF sent Myanmar $350 million emergency aid
Business

Days before coup, IMF sent Myanmar $350 million in emergency aid

Global car production fall down
Business

Global car production fall down about 20%

British cairn energy threatens Indian government
Business

British cairn energy company threatens to seize Indian government assets

Elon Musk, Jeff Bezos world's richest person
Business

Elon Musk displaces Jeff Bezos again as world’s richest person

New Zealand central bank cyberattack
Business

New Zealand central bank hit by cyberattack

Top 7 tech companies 2021
Business

Top 7 tech companies added $3.4 trillion in value in last year

Zhong Shanshan richest person in Asia
Business

China’s Bottled water tycoon Zhong Shanshan now richest person in Asia

Next Post
Obama says Trump should leave White House

Trump should ready to leave White House: Obama

Lady Gaga to join Joe Biden

Lady Gaga to join election campaign with Joe Biden

Scarlett Johansson and Colin Jost third married

Scarlett Johansson get secretly married for the third time

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us In Social Media

  • Trending
  • Comments
  • Latest
Facebook losing 2 million daily users US Canada

Facebook losing 2 million daily users in US and Canada

Joe Biden pledges free COVID-19 vaccine for all Americans

Joe Biden pledges free COVID-19 vaccine for all Americans, If elected

Scarlett Johansson and Colin Jost third married

Scarlett Johansson get secretly married for the third time

Coronavirus: At last medicine has been Discovered

Coronavirus Vaccine

Coronavirus vaccine: Positive results found after the trial run ‘Remdesivir’ drug

crude oil

US oil price less in history, Per barrel ‘Zero’ dollars

China Already Sents Troops To Iran

Netflix provide $100 Million support

Netflix provide $100 Million support relief Fund

Biden Greenhouse Gas emissions

Biden wants to cut Greenhouse Gas emissions in half by 2030

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Recent News

Biden Greenhouse Gas emissions

Biden wants to cut Greenhouse Gas emissions in half by 2030

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Worldnews24daily logo official

         Follow us

Mobile logo worldnews24daily

               Follow us

Home

World

United States

Coronavirus

Business

Sports
Asia

Europe

Technology

Middle East

US Election 2020

Entertainment

Home                         United States

World                         Coronavirus

Business                   Asia

Sports                        Europe

Technology             US Election 2020

Middle East             Entertainment

About Us
Privacy Policy
Terms and Conditions
Disclaimer
Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

No Result
View All Result
  • Home
  • United States
  • US Election 2020
  • Coronavirus
  • Sports
  • Business
  • Asia
  • Europe
  • Middle East
  • Technology
  • Entertainment
  • More
    • About Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    • Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In