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Post a Record GDP Growth, US Braces Up For a Grave Slowdown

The US economy showed bright signs of economic revival during the third quarter; however, the silver lining seems to be short-lived as per the economists. Read more @ https://bit.ly/2WgumBV

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Post a Record GDP Growth, US Braces Up For a Grave Slowdown

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  1. Post a Record GDP Growth, US Braces Up For a Grave Slowdown October 30, New York: The US Economy recovered the huge loss much during the summers, expanding at a rapid rate in the third quarter, the Commerce Department reported on Thursday. The report definitely called for a celebration, which displayed that during the third quarter, the country’s economy grew at a rate of 33.1%. The numbers are evidencing enough of the powerful one-two punch of a combination of easy money from the Federal Reserve and fiscal stimulus. It is this very amalgamation, which reflects the revival of the economy to a considerable extent. Stock GDP: Third Quarter The third quarter ended up breaking records in recent times. The GDP and Stock market surged at an impressive rate of 33.1% between July and September – faster than the prediction of economists. Interestingly, it was one of the fastest economic growth rates since the tracking of quarterly GDP started back in 1947. The figures represented a strident, partial revival since the previous three months when annual economic contraction adjusted at a rate of 31.4%.

  2. US Economy Aftermath Pandemic However, despite so much economic recovery, there still remains incomplete to a great extent, especially during the raging pandemic. The devastating economic downturn due to the coronavirus pandemic is still looming large. It continues to pose a substantial threat in the overall economic revival of the US. Especially, as the covid positive cases continue to surge amidst a hullabaloo of vaccine trials and of course the elections. You can read the full content: https://www.businessupside.com/2020/11/01/post-a-record-gdp-growth-us-braces-up-for-a-grave- slowdown/ •••••••••••••••••••••••••• Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU-B2tRIBDYntmaw https://twitter.com/BusinessUpside1

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