US GDP grows 33.1% in the third quarter in annualized terms, above expectations

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SAO PAULO – The United States Gross Domestic Product (GDP) grew 33.1% in the third quarter of 2020 compared to the second quarter in annualized terms, showed the first estimate of the country’s Department of Commerce on Wednesday (29).

According to the Bloomberg consensus, the median expectation of economists for the data was a 32% advance.

In the second quarter, there was a decrease of 31.4% in the indicator. In the first three months of 2020, the US GDP had already contracted by 5%.

This data gives the dimension of the economic recovery after the initial impact of the coronavirus.

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