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Experts: US GDP To Show Massive Growth Not Seen in Decades Just in Time for Election

Added 10-23-20 08:45:04pm EST - “The Trump economy will post an unprecedented increase in America's GDP in the third quarter, experts predict.” - Westernjournal.com

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Posted By TheNewsCommenter: From Westernjournal.com: “Economists: US GDP To Show Biggest Growth Since WWII Just Before Election”. Below is an excerpt from the article.

Jayk7 / Getty ImagesIn the above stock photo, a concept of a gross domestic product economic indicator is shown. (Jayk7 / Getty Images)

America’s economy has come roaring back, according to predictions for next week’s unveiling of the third-quarter figure for the nation’s gross domestic product.

The federal government will officially unveil its figures next Thursday, but Bloomberg, in its survey of economists, is predicting a 30 percent growth, which it labeled “remarkable” as well as a postwar record.

In its reporting, Bloomberg said that it expects the economy to keep growing and that one factor in future growth is that “states are unlikely to reimpose widespread lockdowns even if cases continue to rise.”

Bloomberg noted that consumer spending has risen for four straight months and that the National Association of Home Builders monthly index of builder sentiment is the highest since it began in 1985.

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