Reopening the Economy Now Is Donald Trump’s Last Hope of Entering the 2020 Election With Good GDP Data
By Shane Croucher and James Walker
Newsweek, Published 05/28/2020
President Donald Trump’s push for states to swiftly reopen may be the best chance he has of entering the 2020 election with positive economic data and, if the rebound is strong, some of the largest numbers on record.
The Bureau of Economic Analysis will release its first estimate of third quarter GDP data on October 29, less than a week before America votes. June is the final month of the second quarter during which analysts expect the economy to contract by around 40 percent.
If the U.S. economy has substantially reopened by July, the quarter-on-quarter GDP growth rate could reach above 20 percent, per some of the more optimistic forecasts, offering a vital boost to the Trump campaign in what is shaping up to be a close-fought election.
“It’s probably a game-changer for the president, and I think you could see the race tighten immediately, if not Trump moving into the lead because of that,” Chris Wilson, CEO of WPA Intelligence and a Republican strategist, told Newsweek.
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