US Economic Update – November 2020
Q3 bounce; but COVID-19 risks remain
Key highlights:
- As expected, there was a large bounce in GDP in Q3.
- However, even after this, GDP remained well below its pre-COVID-19 level.
- With fiscal support unwinding and COVID-19 surging, growth will come under pressure in coming quarters.
- The possibility that COVID-19 related restrictions get ramped up presents downside risk.
Find out more in NAB’s US Economic Update – November 2020
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
