WASHINGTON—While the U.S. economy grew at a record pace last quarter, recovering two-thirds of the damage caused by the pandemic-related lockdown, there’s a great deal of uncertainty surrounding the outlook for growth in the fourth quarter.
After growing at a 33.1 percent annual rate in the third quarter, forecasts showed that the U.S. economy would expand at a much slower pace in the last quarter of the year. Risks to the outlook continue to center on the newest wave of virus cases and uncertainty about the outcome of the presidential election.
