The COVID-19 pandemic has spread with alarming speed and infected millions of people, and caused economic damages the world has experienced in decades. Like in many countries, in Georgia, many businesses are still closing their companies with no future expectations. However, Q3 has brought positive news since many countries started bouncing back from the recession and proved to the world why they deserve to be leaders.
The US’s GDP increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the "advance" estimate released by the Bureau of Economic Analysis.
The economy grew at a record pace in the third quarter—increasing 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of the ground it lost earlier in the coronavirus pandemic.
The UK's economy bounced back from recession with record growth of 15.5% in July to September, following two consecutive quarterly falls, figures of the Office for National Statistics (ONS) indicate.
China's economy continues its recovery from the Covid-19 pandemic, according to its latest official figures.
Compared to the same quarter last year, the world's second-biggest economy saw a growth of 4.9% between July and September.
Sweden’s GDP increased by 4.3 percent in the third quarter of 2020, seasonally adjusted and compared with the second quarter of 2020, according to the preliminary compilation of the quarterly national accounts, Statistics Sweden reports.
