For several months the Trump administration has been talking about a “V-Shaped recovery,” meaning the COVID-19 rebound would be as strong as the preceding quarter contraction. Today the Bureau of Economic Analysis (BEA) released the third-quarter economic stats reflecting exactly that, a V-shaped recovery.
The 3rd quarter rebound in GDP growth was 33.1 percent, larger than the 2nd quarter contraction of 31.4 percent. And keep in mind this is with a major part of the U.S. leisure and hospitality sector remaining severely impacted. [See Table 3, Line 20]
Despite several blue states attempting to stall their economic recovery, overall the economy is rebounding as expected. Obviously the threat of COVID has been weaponized as an election strategy. It is against the interests of the administration’s political opposition to support a more honest, open and engaged economic recovery.



