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LAST UPDATE:9/25/2020
CQM 20200925 CQM 20200925

U.S. economy has been steadily recovering from the China coronavirus since June. CQM forecasts that real personal consumption expenditure and equipment investment is growing at an annual rate of 37% and 55% respectively in 2020Q3, more than offsetting their sharp decline in 2020Q2. It is also likely that housing markets have fully recovered in August from the China coronavirus. Surveys of manufacturing and service industries by ISM and some Regional Federal Reserve Banks also show signs of recovery in those industries since June. The U.S. economy has been strongly growing in both demand and production sides in 2020Q3, after it plunged in 2020Q2.

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