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US economy grew at record 33.1% annual rate in rebound from virus-caused plunge

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.

Associated Press

Oct 29, 2020, 12:35 PM

Updated

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