The US economy emerged quickly from the depths of the crisis triggered by coronavirus lockdowns this spring, but full recovery remains out of reach. Official figures show the economy grew at a record 7.4% in the three months to 30 September from the prior quarter, when it suffered a severe decline. But output remained 2.9% lower compared to the same period a year ago. The data comes as analysts warn the rebound may be running out of steam. “Overall, the initial recovery in GDP after the first wave of lockdowns were lifted was stronger than we originally anticipated,” said Paul Ashworth, chief US economist at Capital Economics. “But, with coronavirus infections hitting a record high in recent days and any additional fiscal stimulus unlikely to arrive until, at the earliest, the start of next year, further progress will be much slower.”(BBC)…[+]