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Source: Martin Crutsinger, WINSTON-SALEM JOURNAL, 10/29/20
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. The Commerce Department's estimate Thursday of third-quarter growth regained only about two-thirds of the output that was lost early this year ... For more of this story, click here.
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