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U.S. Economy’s Path Less Certain After Record Quarterly Growth

  • Resurgent virus, lack of stimulus could threaten further gains
  • ‘There’s a lot of risk’ that could disrupt positive momentum
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WATCH: U.S. GDP grew at an annualized pace of 33.1%. Mike McKee reports.Source: Bloomberg)
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The U.S. economy’s record third-quarter surge has already given way to a more moderate pace of growth, with a fresh jump in coronavirus infections and an extended deadlock over further stimulus threatening to weigh on activity.

Economists mostly projected fourth-quarter growth at an annual pace slightly below 3% to about 6% following Thursday’s report, which showed gross domestic product jumped 33.1% in the July-September period. That figure largely reflected a rebound in economic activity after widespread lockdowns earlier this year.