Lots of good explainers on why the big GDP number we're likely to see tomorrow doesn't actually mean we're doing OK. I thought I'd add a schematic graph 1/
https://twitter.com/bencasselman/status/1321164732745674759
What we know from lots of evidence is that we're having a "reverse square root recovery" — huge plunge, rapid partial snapback, much slower growth since: 2/ 
"3rd quarter growth" will actually be growth from the average of the 2nd q to the average of the 3rd — which means that it will mostly be telling us that there was rapid growth earlier this year, not that we're growing now: 3/
And of course it's even more misleading if the growth is expressed at an annual rate. Anyone who reports "the economy grew 35% in the third quarter" should be required to stand in the corner until the election is called 4/
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