Countries notched up absurdly high growth rates in the third quarter. America’s gdp rose by 7.4%, compared with the second (an annualised rate of 33%). Output in the euro area grew by 12.7%. But there is little reason for cheer.
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The Economist: How economically damaging will new lockdowns be?
Customers eat lunch on the terrace of a restaurant on the Old Port of Marseille, southeastern France, on Oct. 5, 2020, after the city's restaurants were authorised to re-open following a week-long closure as part of measures aimed at curbing the spread of the COVID-19 (novel coronavirus) pandemic.
