Name: FactChecking Trump's 'Super V' Recovery - FactCheck.org
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FactChecking Trump's 'Super V' Recovery - FactCheck.org

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President Donald Trump has been boasting for weeks of a “super V” economic recovery. But figures released today show an economy still far from fully recovered.It’s true that the economy is improving, but not to the extent the president suggests.Yes, the economy grew at a record annual rate of 33.1% in the third quarter, according toBut actually, the economy still has a long way to go. Dig a into the latest figures and we see that real (inflation-adjusted) gross domestic product in the most recent quarter was still 2.9% below where it had been in the same quarter a year earlier (Table 6).The usual way of expressing GDP growth can be confusing when the annual rates swing so widely. The annual-rate figures are roughly four times larger (in either direction) than the actual changes in GDP levels, because they express what the change would be over an entire year, if the change continued at the same rate for all four quarters.Looking at the simple quarter-to-quarter changes in the level of GDP (Table 3), we can calculate that the economy shrank by 10.1% in the first six months of this year, including a 9% drop in the second quarter. But the rebound in the most recent quarter was 7.4% — a record to be sure, but still far short of a full recovery.Indeed, as of SeptemberAnd the recovery has slowed. Monthly gains in employment and have been lower in each succeeding month.Looking forward, most of the 63 economists surveyed by said they expect it will be the before real GDP returns to the peak level seen in the final quarter of last year. And the outlook for jobs was even worse; most said they expect it will be 2023 — or even later — before total employment recovers.This fact check is available at IFCN’s 2020 US Elections FactChat #Chatbot on WhatsApp. Clickfor more.Ask SciCheckQ. Are vaccinated and boosted people more susceptible to infection or disease with the omicron variant than unvaccinated people?A. No. Getting vaccinated increases your protection against COVID-19. Sometimes, certain raw data can suggest otherwise, but that information cannot be used to determine how well a vaccine works.Have a question?

President Donald Trump has been boasting for weeks of a “super V” economic recovery. But figures released today show an economy still far from fully recovered.It’s true that the economy is improving, but not to the extent the president suggests.Yes, the economy grew at a record annual rate of 33.1% in the third quarter, according toBut actually, the economy still has a long way to go. Dig a into the latest figures and we see that real (inflation-adjusted) gross domestic product in the most recent quarter was still 2.9% below where it had been in the same quarter a year earlier (Table 6).The...

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