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
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
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