WASHINGTON, Oct. 14 (Xinhua) -- It will take perhaps another year for the U.S. gross domestic product (GDP) to get back to its pre-pandemic peak, Federal Reserve Vice Chairman Richard Clarida said Wednesday.
"The COVID-19 recession threw the economy into a very deep hole, and it will take some time, perhaps another year, for the level of GDP to fully recover to its previous 2019 peak," Clarida said in remarks for the virtual annual meeting of the Institute of International Finance.
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