Globally we did better than expected while the U.S. did exceptional. If you read the article in the Harvard Business Review Why The Global Economy is Recovering Faster Than Expected you will notice that the U.S. did much better than Europe, the world, and China. Take a look at some of the charts and you will notice the U.S. far exceeded expectations that were not part of economist projections. It makes one wonder what is going on.
The trade gap between the U.S. and China is narrowing through this period and it will be interesting to see if the U.S. economy will begin to shift toward bringing back investment and manufacturing. There are some indicators that indicated there is movement of factors but how far this may go and what might this look like when the world economy fully reopens is anyone's guess.
If things are going as I might project I would say Q4 will be good and Q1 will be good and then we will grow until we find a new plateau and then perhaps after that we will have a much larger bump as long term strategies and investments kick in under digital GDP as it relates to the virtual economy and traditional GDP as it relates to manufacturing (hopefully).
Either way...its a pretty good read.
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