The document summarizes recent USA GDP data and provides analysis on risks to the economy. It discusses the September 2020 USA GDP report from BMO and the BEA which showed growth recovering from the impacts of COVID-19. However, it also outlines several ongoing risks to the economy such as bankruptcies, business restructurings, the need for further stimulus, and how to achieve a better balance between the environment and economy. The document provides an agenda on these topics and includes additional references and resources for further reading.
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GDP| USA| September 2020
1. USA GDP – September
2020
P a u l Yo u n g C PA C G A
O c t o b e r 2 9 , 2 0 2 0
2. PaulYoung - Bio
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3. USA / GDP - BMO
USA GDP / BEA
Risks and the Economy
AOC and Green Economy
What’s next
Agenda
5. USA GDP / BEA
Source - https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-
estimate
6. There are many issues with the economy
• Bankruptcies – Commercial - https://www.reuters.com/article/us-health-coronavirus-usa-bankruptcy-
idUSKBN26Q2ZF
• Restructuring of businesses - https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-
headlines/restructuring-other-charges-to-hit-allstate-s-q3-earnings-60554824
• Automation - https://www.slideshare.net/paulyoungcga/what-is-next-for-business-and-government-automation
• Trade Policies/Protectionism - http://sdg.iisd.org/news/g20-ministers-support-wto-reform-trade-recovery/
• Tax Reforms - https://www.slideshare.net/paulyoungcga/how-to-reform-taxation
• Infrastructure - https://transportationtodaynews.com/news/17049-u-s-infrastructure-needs-exceed-2-trillion-american-
society-of-civil-engineers-says/
• Debt - https://www.slideshare.net/paulyoungcga/what-is-happening-with-debt-around-the-world
Other Sources
G7 - https://www.slideshare.net/paulyoungcga/what-is-next-for-g7-countries
Circular Economy - https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy
Global - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-september-2020
Riskand theEconomy
7. Are these types of business investments that you will push? https://www.usnews.com/news/us/articles/2020-07-
30/us-solar-power-plant-backed-by-over-700-mln-in-govt-loans-goes-bust-filing Obama
https://money.cnn.com/2017/01/27/news/economy/us-gdp-2016/index.html
Trump https://www.usnews.com/news/economy/articles/2020-01-30/us-economy-finishes-2019-on-strong-fourth-
quarter
Can you provide your business case to support your statements on the Green Economy?
The Province of Ontario/Canada tried the green dream as such it was a failure -
https://www.slideshare.net/paulyoungcga/ontarios-failed-green-agenda-october-2019
AOC / Green Economy
8. The next president will be faced with tough decisions including more stimulus for the
economy - https://www.cbsnews.com/news/second-stimulus-check-status-update-2020-
10-29/
More balance between the environment and the economy -
https://www.slideshare.net/paulyoungcga/clean-technology-and-the-green-economy-
what-is-next
Reforming government - https://www.slideshare.net/paulyoungcga/how-to-reform-the-
public-sector-in-canada-and-around-the-world
How to deal with China - https://www.slideshare.net/paulyoungcga/china-path-to-global-
domination-october-2020
What’snext
9. OtherSources
If you like to learn more
about trade and/or
other subjects as part
of your professional
learning and
development then feel
free to review my
material on
https://www.udemy.com
/ (search Paul Young
CPA CGA