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LAST UPDATE:10/24/2020
CQM 20201023 CQM 20201023

This week’s CQM/PCA are the last forecasts for Advance 2020Q3 GDP. There are still uncertainties from September imports/exports, business inventories, shipments of manufactured goods and construction spending which have not been updated. However, since Advance GDP is calculated on the expenditure side, it is likely that the growth rate will be about 30%. In addition, based on CQM forecasts on both the expenditure and income sides and PCA forecasts, the Advance economic growth will exceed at least 25%. Voters will be able to confirm V-shape economic recovery before the presidential election on November 3 as President Trump said.

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