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US Economy Grew 33.1% in Q3

Economists have reported a steady U.S growth of 33.1% in Q3, the largest quarterly gain in history since 1950, when we marked a 16.7% surge. The biggest gains were reported in business investment, housing and exports however were offset by downward state and local government spending and consumer spending. There are increasing concern regarding a slow growth in this current quarter, as COVID-19 resurges around the country. Chief economist at Moody’s Analytics even shares his concern around a sharp dip back into negative territory in the early months of 2021. Read more