The U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday.

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, according to the department's initial estimate for the period.
It's obviously good news that the economy bounced back in the third quarter," said Eric Winograd, senior economist at AllianceBernstein. "There's still a lot of work to do here and the pace of improvement ... is going to slow. The stimulus programs that provided much of the economic lift last quarter have expired or are expiring. Fiscal support is diminishing. That is part of the reason that the pace of growth is going to slow from here."

Increased consumption along with sold gains in business and residential investment as well as exports fueled the third-quarter rebound. Decreases in government spending following the expiration of the CARES Act rescue funding subtracted from GDP.

https://www.cnbc.com/2020/10/29/us-gdp-report-third-quarter-2020.html

Waiting for those that attributed Trump's pre-Covid Economic success to Obama

US economy on a boom...another reason why President Trump will get his 2nd term in a landslide

No one does it better than Trump

GamalNasser:
US economy on a boom...another reason why President Trump will get his 2nd term in a landslide

Boom how?

Record number of unemployed.

Moving from 100 to 0 then back to 12 is a huge jump from 0 but is absolutely bullshit.

Commentor:


Boom how?

Record number of unemployed.

Moving from 100 to 0 then back to 12 is a huge jump from 0 but is absolutely bullshit.

Another Trump hater !!!! You are just pained ...meanwhile your Buhari has not grown the Economy by any point in 6 years yet you support him

Lol....who the fvck is this clown?
Economic boom my ass,go and check national debt under Trump compared to other past presidents to see how it has skyrocketed.
With the current unemployment rate it's certain Trump will lose reelection,only a normal percentage of 5 or 4 can save him.Let me shock you a little,are you aware his trade war was a failure,it ended up creating higher trade deficits with china.

Their is a massive blue wave looming across the US,the signs are already showing up base on early votings we've seen so far mostly from Democrats voters.

He is gonna be sent packing next month,after which he has to answer for different crimes like tax evasion,fraud, obstruction of justice.

Trump may be staging a come back with this feat.

Joe biden has no other campaign script except covid.

Biafrannuke:
Joe biden has no other campaign script except covid.

You noticed that too..

Koulture:


Lol....who the fvck is this clown?
Economic boom my ass,go and check national debt under Trump compared to other past presidents to see how it has skyrocketed.
With the current unemployment rate it's certain Trump will lose reelection,only a normal percentage of 5 or 4 can save him.Let me shock you a little,are you aware his trade war was a failure,it ended up creating higher trade deficits with china.

Their is a massive blue wave looming across the US,the signs are already showing up base on early votings we've seen so far mostly from Democrats voters.

He is gonna be sent packing next month,after which he has to answer for different crimes like tax evasion,fraud, obstruction of justice.

HOW FAR WITH BUHARI?

Give Buhari this same economy and watch him lead it to recession in 6 months. They are blaming all the economic woes on COVID as if America was not affected more by covid.

See better leader abeg

Biafrannuke:
Joe biden has no other campaign script except covid.

You're very wrong sir.

Biden has promised to reboot the US economy,first if you don't handle covid 19 properly you won't be able to fix the economy properly,and that's the more reason Democrats talk much about covid.

Biden has promised to listen to medical experts and scientist on the best way to manage covid,he has promised to reverse Trump tax cuts that only benefits just 1% of the american people,this tax increase will only be applicable to those earning $400k and above,this monies will be used in spendings on the economy like infrastructures, transit vehicles, broadband and clean energy like wind and solar, increase minimum wage,expand Obamacare.

Donald, Donald Donald and donald again

[s]

teebaxy:
HOW FAR WITH BUHARI?

[/s]
Don't you know his office,so you can go ask him there.

Koulture:


Don't you know his office,so you can go ask him there.

But you know trumP office in far away usa..you should know better

teebaxy:
But you know trumg office in far away usa..you should know better

No time for senseless trolls this evening boy,bye.

When you are starting from negative every small step looks big.

Someone should pls remind me of that of Nigeria

Trash! How does it put food on my table

Koulture:

You're very wrong sir.

Biden has promised to reboot the US economy,first if you don't handle covid 19 properly you won't be able to fix the economy

Biden doesn't even know where he is let alone rebooting economy that is already on massive recovery.

Didn't you hear that majority of Americans said that their life have improved under Trump.

Don't let the leftist propaganda destroy your brain.

Koulture:


Lol....who the fvck is this clown?
Economic boom my ass,go and check national debt under Trump compared to other past presidents to see how it has skyrocketed.
With the current unemployment rate it's certain Trump will lose reelection,only a normal percentage of 5 or 4 can save him.Let me shock you a little,are you aware his trade war was a failure,it ended up creating higher trade deficits with china.

Their is a massive blue wave looming across the US,the signs are already showing up base on early votings we've seen so far mostly from Democrats voters.

He is gonna be sent packing next month,after which he has to answer for different crimes like tax evasion,fraud, obstruction of justice.

You forgot the covid relief?
We will be here together when the so called blue wave don't happen.

Biafrannuke:
Joe biden has no other campaign script except covid.

Exactly.
That's has been his talking point and people are even tired of it and they now believe Economy is the top issue for them.

This is like loosing 100 naira out of carelessness down to near 0 naira and then I was able to regain just 30 naira. And later claim I grew 30%...the biggest growth ever!
Why are you trumpers so dumb

Jdbrasco2:
Biden doesn't even know where he is let alone rebooting economy that is already on massive recovery.

Didn't you hear that majority of Americans said that their life have improved under Trump.

Don't let the leftist propaganda destroy your brain.

Which biden doesn't know where he is?
The same biden that destroyed Trump in the two debates,he might not be the best man for the job especially when you consider age factor but I think a vast majority of Americans will prefer him to Trump.
Don't let Trump and fox news propaganda destroy your brain too.

Koulture:

You're very wrong sir.

Biden has promised to reboot the US economy,first if you don't handle covid 19 properly you won't be able to fix the economy properly,and that's the more reason Democrats talk much about covid.

Biden has promised to listen to medical experts and scientist on the best way to manage covid,he has promised to reverse Trump tax cuts that only benefits just 1% of the american people,this tax increase will only be applicable to those earning $400k and above,this monies will be used in spendings on the economy like infrastructures, transit vehicles, broadband and clean energy like wind and solar, increase minimum wage,expand Obamacare.

If it's to reverse Trump tax, then it's everybody that will be affected not the people earning above 400k.
He plan to pursue second lockdown that will lead to more lay offs, Hope you're aware that his plan for clean energy will affect the energy sector?
All these are economy blunders now.
I don't have to be an economist to know that standard of living will be very high with these plans.

Election day numbers, no surprises!

Delejumi:


The dumbest people here are the people who blame Trump for Covid without blaming other country's Presidents.
The dumbest people are the guys who blame Trump for shutting down air travel between China and US early on and blaming him whereas Pelosi afterwards went to China and they now turn back that he did not handle it well.
The dumbest people are the guys who don't know what's going on but swallow what they told them without being objective.

Australia vs USA.

Commentor:


Australia vs USA.

Can you tell us the number of tests per day in the two countries?