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In final reading, GDP increased at record 33.4% annual rate in third quarter

By Jay Heflin
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In final reading, GDP increased at record 33.4% annual rate in third quarter

The Commerce Department on Tuesday reported in its third and final estimate of gross domestic product that the economy grew at a record 33.4% annual rate in the third quarter.

The prior two reports on the quarter showed that economic activity increased at an annual rate of 33.1%.

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Commerce Department COVID-19 GDP