US economy rebounded to grow at record 33% rate last quarter

  • By cvbizz
  • October 29, 2020
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via wyff.com

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The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses and threw tens of millions out of work.Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.

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