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What the blowout GDP report really means for Trump – POLITICO

The president will get a great economic report to use on the campaign trail. The deeper meaning is much rougher.



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Even a gain as big as 35 percent on an annualized basis in the third-quarter GDP growth while an all-time high would not get the U.S. economy back to where it was at the end of the first quarter. And it would take a far bigger jump to get the economy back to where it would have been had Covid-19 not slammed the country at all.
Economists and Wall Street analysts now expect much slower growth in the fourth quarter and early next year than they previously expected, given that the roughly $4 trillion…

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