U.S. Economy Posts Record Gain, But Areas Of Weakness Persist
Real gross domestic product surged at a historic 33.1 percent annualized rate in the third quarter, up sharply from a historic 31.4 percent pace of decline in the second quarter. Over the past four quarters, real gross domestic product is still down 2.9 percent, and 3.4 percent, or $659 billion, below the previous expansion trend. On a nominal basis, gross domestic…
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