US Economy Registers Record Growth of 33% in 3rd Quarter of Current Fiscal

The US economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together.

Third-quarter total national output, a proportion of the complete products and ventures delivered in the July-to-September period,



extended at a 33.1% annualized pace.

Markets reacted positively to the news, with Wall Street erasing a loss at the open and turning mostly positive.

Increased consumption along with sold gains in business and residential investment as well as exports fueled the third-quarter rebound.