GDP grew at a 33% in the third quarter of 2020 and the unemployment rate continued to improve. The unemployment rate has decreased dramatically since the height of the pandemic. In April 2020, the unemployment rate stood at 14.7%. As of October 2020, the unemployment rate is 6.9%, representing a 53% decrease from April’s level. This is a strong indicator for the growth of the economy into FY 2021.
