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Politics : Politics for Pros- moderated

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From: LindyBill10/29/2020 8:52:21 AM
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wsj.com U.S. Economy Recovered Significant Ground in Third-Quarter GDP Rebound
Harriet Torry




The economy grew at a record pace in the third quarter, the Commerce Department reported Thursday, recovering a good chunk of pandemic losses but still below where it ended 2019.

The gain in quarterly gross domestic product—the value of all goods and services produced across the economy—helps offset a record drop in output earlier in the year when the virus and related shutdowns disrupted business activity across the country. The economy rebounded in the third-quarter as businesses reopened, employers restored many jobs, the government provided trillions of dollars of aid and consumers resumed spending. 2Q 2020Avg. for year prior
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