This week on “Inside the Economy”, we discuss the path to recovery for the U.S. economy. The U.S. has been in damage control since COVID-19 shut down the economy earlier this year. As gross domestic product (GDP) numbers bounce back, the focus turns to those who are struggling to make rent and mortgage payments. How will the next stimulus package support those in fragile living situations? Third quarter consumer spending has boosted corporate profits, pushing the U.S. stocks higher. The corporate credit structure in China is a cause for concern, here’s what we are keeping an eye on. Tune in to learn more!
- Third quarter GDP estimates up a positive 33.1% for the quarter, while interest rates slip slightly
- Americans are late to pay their rent and mortgages, with households in states like Kansas, Nevada and Wyoming being hit the hardest
- Consumer spending boosts corporate profits by 27.1%
- The U.S. dollar continues to decline
- China’s corporate bonds are seeing a drop in price and increase in defaults