The US economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the US economy will likely shrink this year,
US economy falls 31.4% in spring; may shrink for the first time since 2009
The government will not release its July-September GDP report until Oct. 29, just five days before the presidential election
 "US economy")
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While President Donald Trump is counting on an economic rebound to convince voters to give him a second term, economists said any such bounce back this year is a longshot.
Topics : US economy US GDP 2008 financial crisis US government 2020 US elections Trump administration
First Published: Sep 30 2020 | 9:40 PM IST
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