Placeholder Image

Subtitles section Play video

  • Theo.

  • US economy grew at its fastest pace ever in the third quarter.

  • Gross domestic product, or GDP, surged at 7.4%.

  • That's 33% on an annualized basis.

  • That was the fastest pace since the government started keeping records in 1947 and followed a historic shrinkage in the second quarter.

  • The GDP report is one of the last major economic scorecards before next week's presidential election, and President Donald Trump seized on it tweeting Thursday.

  • GDP number just announced biggest and best in the history of our country and not even close.

  • Next year will be fantastic, But deep scars from the recession could take a year or more to heal.

  • U.

  • S output remains below its level in the fourth quarter of 2019.

  • Ah, fact, Trump's Democratic challenger, Joe Biden, is almost certain toe highlights.

  • The government's rescue package provided a lifeline for many businesses and the unemployed, juicing up consumer spending, which on its own powered the surgeon GDP.

  • But government funding has since been depleted, with no deal in sight for another round of relief.

  • New Cove in 19 cases, air spiraling across the country, forcing restrictions on businesses like restaurants and bars.

  • Just over half of the more than 22 million jobs lost during the health crisis have been recouped and layoffs persist.

  • The Labor Department reported Thursday that 751,000 Americans filed for state unemployment benefits last week.

  • The claims have dropped from records set in March.

  • They remain above the peak seen during the great recession.


Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B2 gdp recession quarter fastest pace government

U.S. economy scores record Q3 rebound

  • 4 0
    林宜悉 posted on 2020/10/29
Video vocabulary