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US Economy Expands at Record 33.1% Pace After COVID Plunge

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A worker uses a forklift to move packages at a facility in Baltimore.

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The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending — reversing much of the collapse stemming from coronavirus lockdowns.

A worker uses a forklift to move packages at a facility in Baltimore.A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg News)

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