But the economic recovery still has a long way to go, experts say."It's masking these pockets of real distress," former Federal Reserve economist Claudia Sahm said.The US economy expanded 7.4% during the third quarter of the year, the Commerce Department reported on Thursday. It's the largest growth rate ever recorded in a three-month period. At an annualized rate, it grew 33.1%.
But the big figure veils a critical reality: The nation's economy has not fully recovered from the pandemic — and it still has a long way to go. The latest surge doesn't make up for all the ground lost in the second quarter. of unrivaled economic contraction for the second quarter of the year, as businesses closed down and people stayed home to curb the spread of infections. The latest growth reflects the rebound that took place once the economy started reopening.
GDP is one gauge for recovery during a recession, experts say, though it may not reflect the economic wellbeing of average people.
Here's a great thing that happened and why it's actually bad
no shit, there is a GLOBAL PLAGUE going on. regardless, GREAT JOB BY TRUMP !!!!!!!!!!!!!!!!!
thanks for this news
This tweet is why Trump
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hybrid Robo-Advisors Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Navigating pre-election madness — The Fed's dark side — Trading a K-shaped recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks for this news
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Climbing coronavirus cases may dampen issuer recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
TikTok partners with Shopify as the video app moves further into social commerce - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😂The biggest competition Amazon, Google and Facebook combined will have is just next door. What a year of 2020?😂😌
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
US consumer confidence dips as labor-market pain weighs on economic expectations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »