Trump and Biden's final economic pitch: GDP growth vs 'deep hole'

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President Donald Trump's campaign is touting the blockbuster Gross Domestic Product figure released Thursday morning as evidence that the U.S.

economy is healing quickly, while his Democratic opponent Joe Biden is focused on the"deep hole" the economy is still in because of the pandemic.

GRAPHIC: Record economic growth, but deep scars remain Record economic growth, but deep scars remain - https://graphics.reuters.com/USA-ELECTION/ECONOMY/xklvymoqbvg/chart.png "GDP number just announced. Biggest and Best in the History of our Country, and not even close," Trump tweeted Thursday."So glad this great GDP number came out before November 3rd."

GRAPHIC: Jobs recovery levels off Jobs recovery levels off - https://graphics.reuters.com/USA-ELECTION/ECONOMY/yxmvjjxbxvr/chart.png That is different from, say, the automobile industry, where a combination of expensive machinery and materials make it so that fewer workers are needed to make a larger contribution to GDP, he said. A recession that is more concentrated in that industry could involve a greater hit to economic output, but very few jobs losses, Bivens said.

 

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