Just in: U.S. economy grows at annualized 33.1 pct in Q3 after sharp contraction in Q2

People eat outside a restaurant in New York, the United States, Oct. 25, 2020. (Xinhua/Wang Ying)

WASHINGTON, Oct. 29 (Xinhua) -- U.S. economic activity in the third quarter grew at an annual rate of 33.1 percent after a sharp contraction in the previous quarter, the U.S. Commerce Department reported Thursday. ■