U.S. ECONOMY REBOUNDS BY RECORD 33.1% IN Q3

Highlights

• As per the US Commerce Department report, this overall surge in the gross domestic product (GDP), the nation’s total output of good and services remained unchanged as per the its estimate

• This jump of 33.1 percent was the largest quarterly gain recorded since the year 1947 and went past the old mark of 16.7 percent surge in 1950

In the second last quarter of 2020, the U.S. economy we....