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Axios Today host Niala Boodhoo (left) and The Conference Board chief economist Dana Peterson. Photo: Axios

The economy will not return to the "pre-pandemic level of activity" until the fourth quarter of 2021, the chief economist at the Conference Board, Dana Peterson, said in an Axios virtual event on Friday, foreseeing "many more quarters of weakness."

Why it matters: Peterson said the economy's recovery will depend on governments reopening businesses and "allowing mobility both internally and externally," as well as on the handling of the coronavirus pandemic.

The big picture: The Department of Commerce said yesterday that the U.S. economy hit record growth in the third quarter, with 33.1% annualized rate increase. However, that's still 3.5% smaller than at the end of 2019.

Go deeper: It's about to get even worse

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20 hours ago - Health

"Every Mother Counts" founder: Midwives need more resources during the pandemic

Axios' Niala Boodho and Christy Turlington Burns.

Midwives and doulas need more support from states to ensure safer births for women , as hospitals increasingly become overwhelmed during the coronavirus pandemic, "Every Mother Counts" founder Christy Turlington Burns said on Tuesday at an Axios virtual event.

Why it matters: More mothers die in the U.S. from complications during pregnancy than in any other developed country, according to a recent Commonwealth Fund analysis, as well as past reporting by NPR and ProPublica.

Bipartisan group of lawmakers unveils $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of lawmakers on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

Updated Nov 30, 2020 - Health

Key information about the effective COVID-19 vaccines

Illustration: Sarah Grillo/Axios

The race for a COVID-19 vaccine is ramping up, with three major candidates now reporting efficacy rates of more than 90%.

Why it matters: Health experts say the world can't fully return to normal until a coronavirus vaccine is widely distributed. But each potential vaccine has its own nuances, and it's likely that multiple vaccines will be needed in order to supply enough doses for universal vaccination.