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Technology Stocks : Semi Equipment Analysis
SOXX 288.52-0.3%Nov 14 4:00 PM EST

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From: FJB10/23/2020 1:52:37 PM
   of 95420
 
Get Ready for an Eye-Popping U.S. GDP Number
Peter Coy

7-8 minutes

Estimates are that the economy grew 30% in the third quarter, a postwar record.

October 23, 2020, 4:00 AM CDT



Illustration: Anna Haifisch for Bloomberg Businessweek

The Covid-19 pandemic caused the deepest U.S. recession since at least World War II. Gross domestic product shrank at an annual rate of 31.4% in the second quarter. Covid-19 is infecting more than 50,000 Americans a day, the most since early August. Somehow, though, the economy has roared back. On Oct. 29, according to economists surveyed by Bloomberg, the government is likely to report that GDP rose an annualized 30% in the third quarter—also a postwar record. These graphics portray a recovery that’s incomplete yet remarkable.




cont...

bloomberg.com
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