Answer a finance question to a dicussion that’s due today
The GDP for the most recent three year period (2018-2020) is as follows:
2020 GDP: $21.54 trillion
2019 GDP: $20.87 trillion
2018 GDP: $20.51 trillion
In terms of growth, there has been an increase in total output from 2018 to 2020, with the biggest year-on-year jump occurring between 2019 and 2020 (+2.8%). This growth can be attributed largely to government stimulus programs implemented in response to COVID-19 as well as increases in consumer spending during this time period.
Overall, the latest figures indicate that despite some short term disruption caused by events such as pandemics or other external shocks, economies have proven resilient enough to weather these storms and continue expanding over time. As such, they provide investors with confidence when making decisions about where best to allocate their capital for long-term returns.