U.S. economy won't reclaim all of its lost ground until after 2021 - CBO
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WASHINGTON (Reuters) - The U.S. economy should bounce back sharply in the third quarter after its deep coronavirus-related collapse, but it will not fully retake recover lost ground until sometime after next year, the non-partisan Congressional Budget Office said on Tuesday.In an updated economic forecast, the CBO projected the economy would contract at a 37.7% annual rate in the second quarter, but expand at a 21.5% pace in the July-September period.Even so, U.S. Gross Domestic Product will not..