Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update. Figure 1: GDP saw its second consecutive quarterly decline in Quarter 2 2020. Date Major Releases GDP* Date Major Releases GDP* Date Major Releases GDP* 30-Oct Initial nowcast 2.2 25-Nov GDP, Pers Inc/PCE, Adv dur manuf, Adv Econ Indicators, New-home sales 11.0 22-Dec GDP, Existing-home sales 11.2 2-Nov ISM Manuf Index, Constr spending … That's better than … Quarterly GDP growth. Sweden’s GDP declined by 8.6 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter. The bank had earlier predicted a 25% hit to second-quarter GDP. By S. Jack Heffernan Ph.D on August 3, 2020. Updates for the First Quarter of 2020. Download the data. In the initial summary the BEA reported that Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the BEA’s initial estimate. Following a contraction in the first and second quarters of 2020, French GDP is expected to pick up in the second half and continue to improve in 2021 and 2022. The decline in GDP is the largest ever since the start of the time series in 1980. JPMorgan was the latest big bank to cut its second-quarter GDP forecast even more, with its economists now foreseeing a 40% decline. The decline of GDP was mainly attributable to the continued weak performance in both domestic and external demand. Coronavirus (COVID-19) Impact on the Second-Quarter 2020 GDP by State Estimates; The decline in second quarter GDP reflected the response to … The GDP estimates for the third quarter of the financial year came in at 7.2%. GDP down by 11.8 % in the euro area and by 11.4 % in the EU-27. Compared to the previous quarter, in the secondquarter of 2020 lowest economic decline was … As per the first advanced estimates of the national income released by the National Statistical Office (NSO) on Thursday, there was contraction in almost all sectors with the exception of agriculture. Evolution of Atlanta Fed GDPNow real GDP growth estimates for 2020: Q4 *Note: Annualized quarterly growth rate of real GDP. 1 The advance GDP estimates for the second quarter of 2020 are computed largely from data in the first two months of the quarter (i.e. The next estimates for the second quarter of 2020 will be released on 14 August 2020. Video Story . April and May 2020). US GDP Estimates 2nd Quarter 2020 . GDP decreased by 8.3 percent in the second quarter of 2020, seasonally adjusted and compared with the first quarter of 2020. “The NBS published on Monday August 24, 2020, the 2nd Quarter (Q2) 2020 GDP estimates, which measure economic growth. Embed code. According to the advance estimates, GDP decreased by 9.0% in real terms in the second quarter of 2020 from a year earlier, compared with the decrease of 9.1% in the first quarter of 2020. Download the entire news release (PDF 120KB) 26/08/2020 - Following the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional estimates. Gross Domestic Product by State, 2nd Quarter 2020. Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis.In the first quarter, real GDP decreased 5.0 percent. 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