Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent.
To put this in perspective, at the end of 2019, the US had a $19.25 trillion economy. After the third-quarter rebound, the US had an $18.58 trillion economy.
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