What the US’s GDP figure really means
The reading of 33.1% annualized growth in the third quarter of 2020 does not mean that the economy grew 33.1% or will grow 33.1%. Here's why that figure isn't very useful on its own.
The reading of 33.1% annualized growth in the third quarter of 2020 does not mean that the economy grew 33.1% or will grow 33.1%. Here's why that figure isn't very useful on its own.