URGENT: U.S. economy grows record 33.1% in 3rd qtr after plunge amid pandemic

The U.S. economy expanded a record annualized rate of 33.1 percent in real terms in the July-September quarter, bouncing back from a historic 31.4 percent decline in the preceding quarter amid the coronavirus pandemic, the Commerce Department said Thursday.The growth in terms of inflation-adjusted gross domestic product exceeded the average market forecast of a 31.0 percent growth.

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HEDGE accordingly