The US economy is roaring back to life at an unprecedented rate with the country recoding a staggering 33.1% growth rate in the third quarter of 2020.
The historic growth rate stunned even the optimistic Trump administration and has set a new record for growth in United States,
A surge in business and residential investment along with stronger consumer activity helped the economy after its worst-ever quarter in Q2 and surpassed even the 32% estimate from a Dow Jones economist survey which was dismissed by many.
The booming US economic data comes just days before the US Presidential election on November 3rd.
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