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Record economic growth on the way as election approaches

By Jay Heflin
Published August 5, 2020 10:30am ET
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Record economic growth on the way as election approaches
Tom Cushing, a production expert at Fast Signs, cuts down a sheet of anti-Senate Bill 1062 signs that read "Open For Business To Everyone", Wednesday, Feb. 26, 2014 in Phoenix. Arizona Gov. Jan Brewer will hold a series of private meetings with opponents and proponents of legislation adding protections for people who assert their religious beliefs in refusing service to gays. Brewer spokesman Andrew Wilder says the governor will spend Wednesday gathering information about Senate Bill 1062 as she considers signing it into law or a veto. She has until Saturday to act. (AP Photo/Matt York) | Matt York

The economy is on course for a record jump in gross domestic product in the third quarter, which will be announced shortly before November’s election.

“I certainly think it will be double digits,” said Doug Holtz-Eakin, the president of the center-right economic think tank American Action Forum who was also the chief economic policy adviser to Sen. John McCain’s 2008 presidential campaign.

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