A look at the US economy’s GDP rebound after its historic decline | ABC News

ABC’s Deirdre Bolton discusses the U.S. economy’s record-setting 33% annual growth last quarter, and why we’re still far from our pre-pandemic economy.

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37 thoughts on “A look at the US economy’s GDP rebound after its historic decline | ABC News

  1. Just do something that will make you money whilst you sleep, no matter how little. This pandemic has been a perfect eye opener for us all to really see how life can be without your usual income stream. It's recommendable for you to have a side hustle. The best thing you can do for yourself is to find a way to make money even while sleeping especially now we have to work and earn from home, Having different streams of making money is the solution to survive. And I've been doing that by investing in the stocks, bitcoin and dividends. I've earned impressive profits I can't mention here working with Mr. Young through his registered investment company. Kindly reach out to him via email linyoun56g@gmail or via

    Instagram @you_ngli .The rich see an economic crisis as the perfect time to invest, they're a step above others because they see an opportunity where others don’t

  2. I think corporate USA is doing well but USA is not. They took a lot of money from USA and they still can't succeed. Corporate USA should have never taken our industries from US. We need laws to stop corporate USA from supporting communist countries with slave wage labor and begin supporting USA.

  3. The spending is hoarding. People been stocking up fearing a supply chain stop. With the amount of people going down. Many will not be able to work because of getting coronavirus. Especially in the food or food delivery industries.

  4. ✝️KJV Psalm 4:6-8 There be many that say , Who will shew us any good? Lord, lift thy up the light of thy countenance upon us……✝️Thou hast put gladness in my heart, more than in the time that their corn and their wine increased……✝️I will lay me down in peace, and sleep: for thou, Lord, only makest me dwell in safety✝️.

  5. The Messiah is coming soon. The Rapture and the Great Tribulation are imminent. Hear the children of God who have ears to hear and are wise. If left in the great tribulation, the church has no salvation but martyrdom. Most churches that do not preach the Second Coming of Yeshua (Jesus) will be left alone.
    Prepare the churches with repentance and holiness.
    The earth will be judged for man's sins Submit to the love that Yeshua raised us from sin; only Yeshua (Jesus) will save us

  6. We are in a v-shaped economy we're doing just fine especially during a worldwide pandemic we could be in the depression right now fortunately we are not let's keep Trump because Joe will just make it worse

  7. Oversold market and over 3 trillion dollars works miracles, but it won't last with surging pandemic.Trump taking credit when he deserves to thrown out for mismanaging pandemic.

  8. It's true that the 7.4 percent GDP rise from Q2 to Q3 is a record. But it also comes after a record contraction from Q1 to Q2, and a total loss of 10.3 percent throughout 2020, so it doesn't even come close to making up what was lost amid the pandemic. In fact, the 3.5 percent total GDP shrinkage during 2020 "means we are still down almost as much as we were during the height of the Great Recession.

  9. 8 million family’s have fallen into poverty since may and the politicians including the president act like everything’s fine just because the stock market (which is basically a graph of rich peoples feelings) hasn’t totally plummeted, which is only because the federal reserve keeps printing more and more money to prop up the bond market in attempts to prevent it all falling apart but this will lead to hyperinflation. Our economy is already ruined the second Great Depression is here the rich politicians just don’t want us all to go panicking and cause the stock market to plummet even further from less consumer spending and people pulling money out of the stock market. save your money folks things will only get worse as this decade progresses and normal people will know hardship like never before in our country, I wish all who see this peace and luck and also maybe watch the news a little less and explore new hobbies and activities that may excite you and seek knowledge on subjects that fascinate you, this will help you find some sense of peace in this ever changing and despairing though beautiful world

  10. Wall st and the gdp are not the well being of the American people. 50% of stock ownership is owned by the 1% and 90% is owned by the top 10%. GDP is an outdated measure of economic growth and doesn’t say anything at all about quality of life for people or even job growth. The economy is in the toilet right now but they are trying to make people believe things are good. It’s a deep insult

  11. Jesus Christ is coming soon to rapture his people repent and accept him as Lord and savior John 3:16 1 John 1:8-10 John 10:27-30 John 1:1-14 John 8:54-58 1 John 5:7 Isaiah 53:5-12 Zechariah 12:8-11 Titus 3:5 Ephesians 2:8-9 Ephesians 4:30 Romans 10:9-13 Romans 6:23 Romans 3:23-24 Romans 5:6-11 1 Corinthians 15:1-4 1 Corinthians 15:22 1 Corinthians 5:1-5 2 Timothy 1:9 James 2:10 Mathew 25:13 Titus 2:12-14 1 Thessalonians 4:14-17 1 Thessalonians 5:9 Acts 2:17 Joel 2:28 Amos 3:7 Luke 12:40 Luke 21:25-36 Revelation 3:10🙏🕊️♥️🛐🙌✝️

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