US economy surges 33.1% in Q3, biggest gain on record, says govt – Strong growth in US economy by 33.1% in third quarter, government says – it’s biggest ever


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After a record-level decline, the US economy recorded the strongest recovery so far and grew at a 33.1 percent rate in the third quarter. The Commerce Department gave this information on Thursday. During the Corona virus epidemic, the US economy recorded a steep 31.4 percent fall in the April-June quarter compared to a 5 percent drop in the first quarter. Annual rate, or annual rate, is a measure that shows the growth of a quarter in proportion to 12 months, then it shows it. However, if compared to the July-September quarter of 2019, then the third quarter has also recorded a decline of 2.9 percent, while in the second quarter there was a 9 percent decline year-on-year.

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