Home / Columns and Features / Data improves significantly in third quarter, but many areas still reeling from pandemic (access required)

Data improves significantly in third quarter, but many areas still reeling from pandemic (access required)

Economic data has been trending in a positive direction during the third quarter, after cratering during the second quarter. The latest official reading for second quarter GDP was an annualized drop of 31.7%, the largest ever recorded. The drop in GDP was driven by large drops in consumer spending (-34%), private domestic investment (-46%), state ...

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