Atlanta Fed Forecasts the Largest Rate Increase in GDP in US History Coming in the 3rd Quarter 2020

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The Atlanta FED is showing the 3rd Quarter of 2020 will record the largest quarterly GDP rate increase in US history.  Current estimates show the US GDP increasing by 32% 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 currently estimates the GDP will grow by 32%:

Every week the Atlanta FED has increased its increase estimate for the 3rd Quarter.  With housing starts at such a robust increase, the FED recently updated their estimates to a 32% rate increase:

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According to Trending economics the greatest increase in GDP in a single quarter is less than 20%:

Paul Sperry shared the news in a tweet:

 





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