The U.S. GDP boomed at 33.1% rate in Quarter 3, which marks the biggest GDP growth for a quarter ever.
U.S. GDP booms at 33.1% rate in Q3, better than expected https://t.co/TuW42O1Z7H
— CNBC (@CNBC) October 29, 2020
GDP Boom! 33.1% https://t.co/wrPYtaIGAd
— PollWatch (@PollWatch2020) October 29, 2020
Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded at a 33.1% annualized pace, the Commerce Department reported Wednesday.
That came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. The previous post-World War II record was the 16.7% burst in the first quarter of 1950.
This is great for everyday Americans. Even while dealing a pandemic President Trump is showing he can still rebuild America’s economy.
This is ***double*** the previous quarterly economic growth record, which was set 70 years ago https://t.co/eXGNrpLkQX
— Zach Parkinson (@AZachParkinson) October 29, 2020
This also bodes well for President Trump’s re-election prospects. 56% of Americans say they are better off thanks to President Trump and this is just going to secure even more votes.
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