WASHINGTON—The U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief, the government confirmed on Dec. 22, but appears to have lost momentum as the year draws to an end amid raging new COVID-19 cases and dwindling fiscal stimulus. The economy plunged into recession in…
US Third-Quarter GDP Growth Revised Slightly Higher; Momentum Waning
December 22, 2020
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Businessconsumer spendingeconomic recoveryEconomieseconomygdp growthpandemic reliefrelief packageU.S. economyUS
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