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GDP Revised UPWARDS Again for Second Quarter [UPDATE]

Thu, October 01, 2020 6:46 PM | Anonymous member (Administrator)

UPDATE!  The U.S. Bureau of Economic Analysis (BEA) has again revised it initial numbers for real gross domestic product (GDP).  According to the “third” estimate released by the BEA, the decrease was slightly less at 7.85 percent for the quarter (or 0.3 percentage point less severe than the “second” estimate released in August). By comparison, in the first quarter of 2020, real GDP decreased 5.0 percent.

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