The Economy’s Second-Quarter High Might Turn into a Third-Quarter Hangover Economists worry the good news of June will turn out to be temporary. By Tim Smart , Contributing Editor July 8, 2020 By Tim Smart , Contributing Editor Aug. 27, 2020 Real gross domestic product (GDP) increased at an annual rate of 33.4 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown Published Thu, Jul 30 2020 8:31 AM EDT Updated Thu, Jul 30 2020 12:45 PM EDT Jeff Cox @jeff.cox.7528 @JeffCoxCNBCcom Headlines called it … GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge Published Tue, Jun 2 2020 9:57 AM EDT Updated Wed, Jun 3 2020 … Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. In the initial summary the BEA reported that Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the BEA’s initial estimate. The advance gross domestic product (GDP) report showed that in the second quarter of 2020, U.S. GDP declined at an annualized rate of 32.9%. Unprecedented fall in OECD GDP by 9.8% in Q2 2020 . The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2020 is 8.7 percent on January 8, up from 8.5 percent on January 7. GDP Fell 31.7% in the Second Quarter The number was a modest improvement over the 32.9% estimate issued last month. The US Bureau of Economic Analysis (BEA) released their initial results for the GDP in the 2nd Quarter of 2020 on Wednesday. Download the entire news release (PDF 120KB) 26/08/2020 - Following the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional estimates. Gross domestic product grew at an unrevised 33.1% annualized rate, the government said in its second estimate of third-quarter output. The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. The change was 0.3 percentage point higher than the “second” estimate released in November. ... Nov 25 2020 8:50 AM EST.

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