Yes, GDP Rebounded 3Q-20, But What Does It Mean For The Future?

The bounce-back of the US economy in the 3Q-20 was even stronger than anticipated. On an annualized basis, this broadest measure of economic activity spiked 33.1% in real terms, by far the record since the federal government began calculating GDP in 1947. This came on the heels of a 31.4% annual decline 2Q-20, and a…