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October 29, 2020 7:49 AM
The GDP for the third quarter of 2020 set a record for growth. However, we are still not back to even. A 30% drop is not offset by a 30% gain. We are observing one of those situations where a 50% loss requires a 100% gain to get back to even.
Nevertheless, this last quarter recovery is quite remarkable. Click on the link and read the article and pay attention to the graphs for a detailed account as to what is going on in the economy.
Lowell
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