According to recent data from the US Bureau of Economic Analysis, there was an increase in GDP for the Third Quarter of 2020. This number was 33.1 percent but should not be viewed in isolation since the Second Quarter encountered a 31.4 percent decline. This is indicative of a hopeful strong start to the V-shaped economic recovery.
Also in optimistic economic news, the unemployment numbers are dropping. In fact, the numbers show that they are at the lowest since March, when the coronavirus pandemic began. With a PMI (Purchasing Managers Index) number of 59.3 (and that being the 6th consecutive number over 50, 50 being deemed an expansive number), things are starting to look up.
There is still much more to be done. Many believe the stimulus packages are inadequate and that until there is a vaccine against the coronavirus and industries across the board have the capacity to resume business activities, the tragic economic problems will remain. But these figures are encouraging.