Unchanged from early estimate, US economy grew 33.1% in Q3

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The U. S. economy grew thirty three point one percent in the third quarter but a resurgent a corona virus is expected to slow growth the commerce department reported the second of three estimates on U. S. growth for the July to September quarter it set a record pace of thirty three point one percent the largest quarterly gain on record going back to nineteen forty seven there's been some revisions with bigger gains in business investment housing exports and downward revisions to state and local government spending business inventories and consumer spending the economy hasn't recovered from output lost in the first six months of the year and economists are concerned that growth has slowed sharply in the current quarter and could dip back into negative territory Jennifer king Washington

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