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Projected US 3rd quarter GDP growth

OpportunityCost

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Base Case Forecast: Our base case forecast includes a third quarter GDP rebound of 32.9 percent. Given the severity of the economic contraction in the second quarter even a moderate improvement in economic activity over the summer yields a strong growth rate in the third quarter. While consumer spending has been the largest driver of growth over the summer, we expect it to stall as high levels of unemployment damage spending later in the year, leading to a much slower GDP expansion of only 1.3 percent in the a fourth quarter GDP expansion. This results in an annual growth rate of -3.8 percent in 2020 and puts the US economy on a modest recovery path of about 3.2 percent growth in 2021.

In other words almost a full recovery right before the election, of course with growth that strong, we may be looking at some serious inflation. Mixed bag but is growth that strong really possible in 3 months?
 

Jay59

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I know the housing sector is rocking and rolling. It drives a lot of manufacturing and retail and provides a ton of jobs. Unemployment has been below projections several months straight. The economy may not be all the way back by November, but the recovery will be unmistakable.
 
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