U.S. economy slowed to a 2% rate last quarter in face of COVID

THE U.S. ECONOMY slowed to a 2% annual growth rate in the July-September period, the Commerce Department said Thursday. /AP FILE PHOTO.MARCIO JOSE SANCHEZ
WASHINGTON (AP) – Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed to a 2% annual rate in the July-September period, the weakest quarterly growth since the recovery from the pandemic recession began last year. Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product – its total…

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