The U.S. economic recovery is losing some momentum | Visa

The U.S. economic recovery is losing some momentum

In response to the slower pace of improvement in the economic data, we have downwardly revised our estimate for fourth quarter gross domestic product (GDP) growth.

Real DGP Seasonally adjusted real gross domestic product bar chart. See Real GDP image description.
Seasonally adjusted real gross domestic product, with compound annual growth ranging from 2.9% in Q1-2019 to -31.4% in Q2-2020, and forecast to reach 3.9% in Q4-2020, 3.2% in Q4-2021, and 2.8% in Q4-2022. Year-over-year growth ranged from 2.3% to -9% between Q1-2019 and Q2-2020, and is expected to finish 2020, 2021 and 2022 at -2.2%, 3.5% and 2.6%, respectively.
Bar chart for seasonally adjusted monthly job gains. See monthly job gains image description.
Bar chart for seasonally adjusted monthly job gains, ranging from 2.7 million in May-2020 to 4.8 million in June-2020 and 0.7 million in September-2020.