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SMLL - U.S. Q3 GDP Outlook Remains On Track For Strong Rebound
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The record decline in US output in the second quarter is expected to post a strong but partial recovery in the upcoming Q3 GDP report, according to several recent nowcasts compiled by CapitalSpectator.com.
Economic activity is projected to rise nearly 21% in real terms on an annualized basis, based on the median nowcast. That's a huge increase relative to the historical record, but it pales next to Q2's dramatic 31.7% collapse. Even if the anticipated bounce arrives, the economy's output will remain well below the pre-pandemic level. The Bureau of Economic Analysis is scheduled to