GDP grew at record 33.1% annual rate in third quarter in partial bounce back from pandemic losses

The U.S. economy grew at a record-breaking 33.1% annual rate in the third quarter, the Commerce Department reported Thursday, beating forecasters' expectations.

The massive growth number, although not enough to return the economy to pre-pandemic health, will provide President Trump to claim in the last days of the election that the country is clawing its way out of the COVID-19 recession faster than critics thought possible.

"This record economic growth is absolute validation of President Trump’s policies which create jobs and opportunities for Americans in every corner of the country,"...