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Level of Real GDP 10-29-2020, historic third-quarter growth

With the historic third-quarter growth, the United States in a single quarter has now recovered two-thirds of the economic output lost due to the pandemic during the first half of the year (Figure 1). In the recovery from the 2008-09 recession, it took 4 times as long to regain the same share of lost economic output.

Source: Bureau of Economic Analysis; CEA calculations

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