Atlanta FED Estimates that the US Had Its Largest GDP Increase in History During the 3rd Quarter 2020
By Joe Hoft
The Atlanta FED is estimating that the 3rd Quarter of 2020 recorded the largest quarterly GDP increase in US history. Current estimates show the US GDP increased by 34% for the quarter.
The Atlanta FED is estimating that the GDP rate increase for the 3rd Quarter of 2020 will be the largest increase in US history. The Atlanta FED over the weekend increased its prediction that the GDP will grow by a historic high of 34%:
Every week the Atlanta FED has increased its estimate for GDP growth in the 3rd Quarter. With housing starts at such a robust increase, the FED recently updated their estimates to a 34% increase from the 2nd Quarter: