Robust Spending Boosts 3Q GDP

After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis last Thursday.

Gross Domestic Product Contracts at 0.9% Pace

Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter–the second consecutive quarter with a decline–the Bureau of Economic Analysis said Thursday.

Real Estate Economists Expect Short-Lived Recession

The COVID-19 crisis has shocked markets everywhere, but some U.S. real estate economists expect a short-lived recession and above-average GDP growth in 2021 and 2022, said the Urban Land Institute, Washington, D.C.