According to the U.S. Commerce Department, the U.S. economy grew at a record rate during the third quarter. During the three months through September gross domestic product grew by 33.1%.
Gross domestic product increased 33.1% during the three months through September, unrevised from the first estimate and in-line with the expectations of analysts surveyed by Refintiiv.
The initial estimate released last month showed record growth as the U.S. economy battled back from its COVID-19-induced slowdown. The U.S. economy, the world’s largest, contracted at a 32.9% annualized pace in the second quarter as lockdowns aimed at slowing the spread of the virus caused activity to grind to a halt.
The second estimate included upward revisions to nonresidential fixed investment, residential investment and exports. Those were offset by downward revisions to state and local government spending, private inventory investment and personal consumption expenditures. Imports, which reduce GDP, were revised higher.
A third estimate will be released on Dec. 22.
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Well, how do Biden who cannot pronounce Psalms and AOC who thinks she pulled herself up by her own bootstraps like that. He said “phalms,” and to answer her comment none of us did. God has to pull us up.
In spite of all that the enemies of America are doing, this report shows economic strength and growth.
I say Hallelujah, Thank You Lord!
Thank you LORD and Trump!!
It will end the day the idiot sets foot in the WH. He will kill it just like his coon buddy barry did.
Things will come to a halt if Biden gets in. Kiss a booming economy GOOD BYE.