Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy

The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?

AccessTimeIconOct 29, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 10:25 a.m. UTC
AccessTimeIconOct 29, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:25 a.m. UTC
AccessTimeIconOct 29, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:25 a.m. UTC

The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?

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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today on the Brief:

  • FTX launches equities trading 
  • Avanti gets Wyoming bank charter
  • France locks down and ECB intimates new stimulus

Our main discussion: GDP growth report 

The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW breaks down what the numbers tell us and what they don’t, and why we should be more focused on understanding long-term consumer behavior shifts than short-term numbers. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.


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