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October 29, 2020

Blowout economic growth in summer already fading

  • Since August, the economic outlook has darkened as hiring has slowed.
  • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — Americans may feel whiplashed by a report Thursday on the economy's growth this summer, when an explosive rebound followed an epic collapse.

    The government will likely estimate that the economy grew faster on an annualized basis last quarter than in any such period since record-keeping began in 1947.


     
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