The Great American Recovery: Third Quarter GDP Blows Past Expectations

After releasing his plan to reopen America safely in April, President Trump remarked that prior to the Coronavirus pandemic, the United States had “built the greatest economy anywhere in the world . . . and we’re going to build it again.” At that time, the consensus among economic forecasters was that pandemic-induced lockdowns would result in a sharp economic contraction in the second quarter, and that the economy would experience tepid growth in the third quarter as it slowly clawed back pandemic losses. But because of the President’s pro-growth policies that set a strong pre-pandemic foundation—and the extraordinary speed and scale of the Administration’s support for America’s families and businesses—our nation’s recovery continues to exceed expectations.