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Reproduced from S&P Global; Chart: Axios Visuals

Tomorrow's GDP report is poised to be one for the record books, but economists warn that the numbers are likely to be deceiving.

What we're hearing: The GDP is likely to catch a lot of attention tomorrow as we expect a historic 29.5% growth annualized," says Beth Ann Bovino, S&P Global's chief U.S. economist. 

  • "But, while growth is welcomed, we are nowhere near home yet. We need to regain almost 40% of the $1.85 trillion lost to get back to pre-crisis GDP levels seen in 4Q 2019.”

Be smart: Brookings Institution nonresident senior fellow Jay Shambaugh warns that because GDP is typically reported at an annualized pace, the numbers "can be a bit misleading." And further, "rapid third quarter growth does not mean the economy has strong momentum now."

  • "Third quarter growth measures the average level of output in July through September compared to the average in April through June."
  • "The very low level of output in April and May set a low baseline, meaning almost any bounce back at all would generate a huge growth rate for the third quarter."

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If Trump's presidency is about to end, an unprecedented golden era for big businesses could end with it.

Why it matters: Thanks to support from the president, Congress, the Supreme Court and the Federal Reserve reaching levels not seen in recent history — if ever — large companies have done a lot of winning.

America's Chinese communities struggle with online disinformation

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Disinformation has proliferated on Chinese-language websites and platforms like WeChat that are popular with Chinese speakers in the U.S., just as it has on English-language websites.

Why it matters: There are fewer fact-checking sites and other sources of reliable information in Chinese, making it even harder to push back against disinformation.