U.S. Economy Expected To Bounce Back After Record Decline

The economy is expected to rebound at a record rate this quarter, according to a new Commerce Department report. The recent decline was significantly larger than the previous record set in 1958. Experts predict an annual growth rate of about 30% this quarter. However, this growth could slow or reverse into a recession if Congress does not pass another stimulus bill or if economic activities face further restrictions.

What is the expected economic trend for this quarter according to the Commerce Department?

• A slight increase in economic activity

• Stagnation in economic growth

• A record rate of economic rebound

• A decline in economic activity

How does the recent economic decline compare to historical records?

• It matched the previous record

• It was less than the previous record

• It was more than three times the previous record

• It was twice the previous record

What annual growth rate do experts predict for this quarter?

• 10%

• 20%

• 30%

• 40%

What could potentially slow down or reverse the predicted economic growth?

• Further restrictions on economic activity

• Improved global trade relations

• Passing of a new stimulus bill

• Increased consumer spending

What action by Congress is mentioned as crucial for maintaining economic growth?

• Reducing interest rates

• Increasing taxes

• Passing a new stimulus bill

• Implementing new trade tariffs