The U.S. economy recorded growth of just 2.0 percent from July to September, the lowest in a quarter since the start of recovery from the corona virus pandemic.

The U.S. Department of Commerce released a report today estimating that the U.S. gross domestic product (GDP) fell well below expectations in the third quarter.

In the second quarter of this year, US GDP was 6.7 percent, and in the first 6.3 percent.

The excellent result in the first two quarters is a consequence of pumping a lot of help from the federal government.

Economists are hoping for a recovery in the current fourth quarter, as the number of new coronavirus infections is falling, the percentage of those vaccinated is growing, and a larger number of Americans are ready to spend money.

Many economists estimate that GDP will be at least 4.0 percent from October to December.//

By Editor

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