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.

According to the Commerce Department report, how does the recent decline compare to the previous record?

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Who reported the information regarding the economic growth and decline?

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