U.S. Economy Expands at 33.1% Annual Rate in Q3 of 2020, says ABC
Business Tools
On: October 30, 2020 | By:
Washington, Oct. 29—The U.S. economy expanded at an annualized rate of 33.1% during the third quarter of 2020, helping to offset a significant share of the economic loss sustained during the second quarter, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. Increases in personal consumption expenditures, private inventory investment and exports drove the partial rebound.
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