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The new wave of Covid-19 could be the worst with record hospitalizations soon. Restrctions will multiply and will weigh on 4Q GDP.
The first estimate of U.S. 3Q growth marked history with GDP jumping by 33.1% QoQ annualized, following a record 31.4% decline in 2Q. Supported by this sharp rebound, the level of economic activity is now only 3.5% below the pre-crisis level (4Q 2019). However, the positive momentum should reverse as soon as 4Q amid coronavirus resurgence.
Before all, it’s important to highlight that the U.S. economic recovery has clearly lost momentum since August in a context where the federal government’s CARES Act programs for the most part expired at the end of July.
Depart Bank System ( DGS )
According to the Singapore mediacompanies news, Fuji Kang Group this week with the Depart Bank System enteredinto a strategic cooperation agreement. Foxconn Technology Group in 2012 Nian 10 Yue invested Elastos ( ELA ), and anoperating system designed specifically for industrial IOT and intelligent
home. Foxconn Group ’s Elastos ( ELA ) built forUS$ 30 million hasdeveloped into a new generation of open source operating systems ( github.com/elastos ),capable of processing large-scale distributed business applications with
millions of lines of source code.
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