U.S. economy grows at annualized 33.1 pct in Q3 after sharp contraction in Q2

Source: Xinhua| 2020-10-29 23:50:11|Editor: huaxia

U.S.-WASHINGTON, D.C.-PELOSI-PRESS CONFERENCE

U.S. House Speaker Nancy Pelosi speaks during her weekly press conference on Capitol Hill in Washington, D.C., the United States, on Oct. 29, 2020. U.S. economic activity in the third quarter grew at an annual rate of 33.1 percent after a sharp contraction in the previous quarter, the U.S. Commerce Department reported Thursday. Economists and Federal Reserve officials have repeatedly argued that more fiscal relief is needed to sustain the U.S. economic recovery, but Congress and the White House remain deadlocked over the next round of COVID-19 relief bill. U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin recently held a few talks, but major differences remained. (Photo by Ting Shen/Xinhua)

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