US economy grows modestly amid Covid-19 uncertainty: Fed survey
"Economic activity increased among most Districts, but gains were generally modest and activity remained well below levels prior to the Covid-19 pandemic," Xinhua news agency quoted the Fed as saying in its latest survey on economic conditions, known as the Beige Book, on Wednesday.
US economy grew modestly over the summer amid continued uncertainty about the Covid-19 pandemic and its negative effect on consumer and business activity, according to a Federal Reserve survey. Photo: Reuters